content_image/245742.jpg
## Our main markets 

<img src='content_image/245742.jpg'>

Source: IMF, Canadean, Carlsberg estimates. 

Carlsberg Group Annual Report 2013 

1  2013E. 

2  Northern Germany (Schleswig-Holstein, Hamburg, Lower Saxony). 

3  Estonia, Latvia, Lithuania. 

4 Weighted average. 

5  Brewery in Latvia to be closed in April 2014. 

6  Bulgaria, Croatia, Serbia, Greece. 

7 Western China. 

8  Excl. Habeco. 

