Carlsberg boosts revenues helped by price hikes as beer volumes fall

Year-on-year volume growth fell in its Western Europe division by 2.3% and in Central Europe while it decreased in Eastern Europe by 4%, whereas its Asia division posted an increase in volume sales of 3.7%

The company doesn't break out specific figures for Ireland which is now reporting to a division called Central and Eastern Europe and India.

Sales of drinks owned by Carlsberg declined in Europe in volume terms last year, but total group revenues rose nonetheless, as the giant brewer increased prices to offset a steep rise in costs, its latest financial figures reveal.

The brewer said in its release that it had "solid results in a challenging environment" in 2023 as it aims to step up sales in China, with an increase in total group revenues helped "by price increases across markets to offset the significant cost increases".