Carlsberg CEO 'pleased with performance in a weak environment'

Core Insights - The company is experiencing a global consumer slowdown, with Q3 performance remaining stable compared to Q2, indicating a weak consumer environment driven by price increases and geopolitical uncertainties [2][3][10] Market Performance - The company is holding or gaining market share in nearly 20 of the 25 largest markets it operates in, including China and the UK, despite a challenging environment [4][5] - In China, the market is down approximately 2% in Q3, but the company is flat, indicating relative stability and a potential for growth in Q4 [6][8] - Western Europe shows positive organic revenue growth, with strength in Northern Europe and the UK, although some major economies like France and Germany are more subdued [11][12] Consumer Sentiment - Overall consumer confidence in China remains low, with no significant improvement observed over the past 18 months, but there is a sense of stabilization [7] - The Western European consumer is cautious, with many beer markets experiencing low single-digit declines, yet the company's performance in this region remains strong [10][11]