Carlsberg Announces Closure of Two Breweries

29 Jan 2015 --- The Carlsberg Group has decided to close two of its 10 breweries in Russia, following last year’s suspension of production at two of its Russian breweries.

The Group has evaluated its Russian production structure and will close two breweries in Chelyabinsk (Baltika-Chelyabinsk) and Krasnoyarsk (Baltika-Pikra).

The sales and distribution organisations will be maintained in the two cities but supplies will in future be sourced from the remaining eight Russian breweries. The closures will reduce the Russian capacity by approximately 15% and will impact 5-600 employees.

The closures, including related restructuring, will result in a pre-tax, non-cash write-down of approximately DKK 0.7bn. This amount will be included in special items for 2014 and will have no impact on 2014 operating profit or adjusted net result.