Investors can take comfort from Carlsberg's reiteration of profit forecasts for the full year despite a weak first quarter. But, says The Business, the Danish brewer may have to push a bit harder to hit its targeted 15% rise. Carlsberg estimates the Western beer market volumes declined about 5%, so its own 3% decline shows some resilience. The integration of Holsten should help bolster sales in Western Europe. The Business 15/05/05 page 18

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