Carlsberg warns beer prices will rise

By Ewan Turney

- Last updated on GMT

Related tags: Beer prices, Europe, Eastern europe, Cost

Carlsberg warns beer prices will rise
Carlsberg warns beer prices will have to rise to compensate for an increase in the cost of raw materials

Carlsberg has warned that beer prices will have to be rise to compensate for an increase in the cost of raw materials.

The Danish brewer, which is in talks with Heineken over a joint bid for Scottish & Newcastle (S&N), announced operating profits were up 10% on last year in its results to 30 September.

Its main growth areas were the Asian and Eastern European markets - where it is a joint shareholder with S&N in Baltic Beverage Holdings.

Sales of beer in the Western Europe market grew by 1% overall, fuelled by the firs five months of the year. But beer sales were down 2% in the third quarter on last year.

Carlsberg said that, in particular, malt and aluminium had "substantially"​ increased in cost and that these rises had not been fully off-set by higher selling prices in the short-term.

It said: "The increases in input costs will continue to necessitate increases in selling prices for beer across markets."

Carlsberg has already angered its freetrade customers by introducing delivery charges last month.

Last year it also broke with tradition in the UK market by announcing two price rises in a year.

Related topics: Beer

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