24 October, 2003

The Polish unit of Carlsberg Breweries, Carlsberg Okocim, has cut its sales forecast for 2003, as a weaker than expected Polish market hit company performance, according Reuters report on October 24. Okocim had previously forecast volume growth of 10%, but according to a presentation made on October 22, of which Reuters obtained a copy, the company has revised this to 8% to 9% growth.

Okocim still said it outperformed the market in general with sales growth of 7% in the first nine months of the year, compared to an average industry rise of 3.6%.

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