Sales in three months to end of September decline by 1.4% to DKK24.14bn (US$3.76bn)Year-to-date comes in flat (-0.7%) at DKK69.99bnVolumes fall 3%, with ‘Central & Eastern Europe and India’ down 5.2%Carlsberg has dipped back into the red in the third quarter of 2025, describing the consumer environment across its regions as “challenging” but stable.
Following a flat top-line performance in the three months to the end of June, the brewer’s sales declined by 1.4% in the latest quarter, in turn leading to the first nine months of this year coming in flat (-0.7%) on the corresponding
Carlsberg edges negative in ‘challenging’ Q3 – results data
‘These results were achieved despite continued challenging consumer sentiment across our regions and a heightened adverse impact from the war on our business in Ukraine.’

Henry joined Global Drinks Intel as a senior reporter in 2025, having spent two years writing news, features and analysis articles for Just Drinks and Just Food. He has gained WSET Level 2 qualifications both in wine and beer independently.


