Carlsberg cannot compete with some of the larger global brewers when it comes to earnings, according to the Danish company's CEO. Speaking to Berlingske Tidende yesterday (30 March), Nils Smedegaard Andersen said the company is not as good at making money as other large brewers such as Anheuser-Busch or SABMiller.

"But we are much better then we were before," Andersen told the paper.

"In the next three to five years, it's our goal to earn at least 10% of sales in western Europe and for the whole company."