Operating profits in the fourth quarter of 2011 were 1,83bn Danish crowns, up from 1.13bn in the same quarter in the previous year.
Revenues were 14.85 crowns (Q4 2010: 13.4bn). Carlsberg said the acquisition of the remaining 15% of Baltika would cost the brewer up to 6.5bn crowns.
“The Carlsberg Group will take the necessary steps to arrange for a delisting of Baltika as soon as possible,” the company said.
“We currently expect this to happen not later than May 2012.”
Chief executive Jorgen Buhl Rasmussen said: “While 2011 was a challenging year, with head-winds from rising input costs and a challenging Russian market, our Northern & Western European and Asian regions continued to perform well.”
