Carlsberg lowers 2014 net profit guidance due to currency headwinds
COPENHAGEN May 7 (Reuters) - Danish brewer Carlsberg reported a fall in first-quarter operating profit due to currency volatility, especially in Russia, and lowered its full-year net profit guidance.
Operating profit before special items fell to 453 million Danish crowns ($84.56 million) from 680 million a year ago and below a forecast for 749 million crowns in a Reuters poll .
Carlsberg said that it now only expected reported adjusted net profit to grow by a low-single-digit percentages in 2014 due to currency headwinds, down from an earlier guidance of mid-single digit growth.
($1 = 5.3571 Danish Crowns) (Reporting by Teis Jensen; Editing by Kim Coghill)