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Baltic Beverages Holding

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The headlines for Carlsberg after its nine-month results release yesterday were bleak: brewery closures on the cards, 2,000 jobs to go in Europe and China and a financial jump into the red.

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That, in just the space of two days, Carlsberg has announced both a pay freeze and the closure of two Russian breweries, speaks volumes about the seriousness of the situation in its Eastern European stronghold.

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Carlsberg is “considering” closing some of its breweries in Russia as the country's beer market continues to falter, the group's CEO has revealed.

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Earlier today (19 February), Carlsberg reported a drop in net profits in 2013, on the back of flat sales in the year. Here, just-drinks takes a look at the Danish brewer's results by region and by brand:

Earlier this year, just-drinks' managing editor, Olly Wehring, travelled to Russia with Carlsberg to learn about the brewer's plans for its Baltika division in the country. The unit, which produces the namesake range of beers, is the clear market-leader, but has had to struggle of late as the legislative environment has grown more hostile to alcoholic drinks. Having assumed the leadership of Baltika late last year, Isaac Sheps talked to just-drinks about what he found when he made the move, what he's battling against today, and what he wants in the future.

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The first thing we should point out is that this is not Wehring. Family commitments in the form of a 3lb 8oz offspring has predicated that our editor is house-bound for the time being. The second is that only half of this interview took place in person in Copenhagen; the other half was conducted via 'phone from the terrace of an Italian vineyard following a meeting between yours' truly and approximately 50 wines. You're right, I'm showing off.

Brewers in Russia are to scrap their 1.5-litre PET bottle lines despite warning the move will drive consumers to illegal alcohol.

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Here's a round-up of this week's highlights in the global beer category. We are also running similar round-ups for spirits & wine and soft drinks & bottled water.

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The head of Carlsberg's Russian unit, Baltika, has confirmed his intention to step down from the position.

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Here's a look at what was happening on this day in...

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Here's a look at what was happening on this day in...

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Here's a look at what was happening on this day in...

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Carlsberg has suspended production at one of its Baltika Breweries' facilities in Russia.

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Carlsberg has confirmed a change of CFO at its Baltika Breweries division in Russia.

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Warsteiner has switched partners in Russia, plumping for Carlsberg's Baltika Breweries over Anadolu Efes in the country.

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Carlsberg has started construction on a major new brewery in southern China as it targets an annual 15m-hectolitre capacity in the country by 2015.

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Carlsberg-controlled Olivaria Brewery in Belarus has appointed a new CEO.

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With the end of the year looming, just-drinks is running a series of 'Top Tens of the Year' in the run-up to Christmas. Here are the ten most read interviews on just-drinks in 2012.

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Carlsberg has confirmed it has taken full ownership of Russia's largest brewer Baltika Breweries.

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Carlsberg has confirmed it has taken full ownership of Russia's largest brewer Baltika Breweries.

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Carlsberg Group and subsidiary Baltika Breweries are to spend RUB1bn (US$32m) on environmental projects in Russia.

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Carlsberg is set to take full ownership of Baltika Breweries after the group announced it will begin a compulsory purchase of the remaining shares it does not already own in the Russian firm.

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Carlsberg is set to take full ownership of Baltika Breweries after the group announced it will begin a compulsory purchase of the remaining shares it does not already own in the Russian firm.

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Carlsberg has raised its stake in Baltika Breweries to 96.77%, bringing it closer to full ownership of the Russian company.

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The president of Heineken's Americas unit is joining the board of Scottish soft drinks maker AG Barr in a non-executive role.

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Carlsberg's first-half results were “mixed”, but analysts have been impressed with the brewer's performance in the difficult Russian market.

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The top ten stories published on just-drinks last week:

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Carlsberg's attempt to buy up the remaining shares in Russia's Baltika Breweries has moved a step closer, following approval of the shares' delisting.