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 In the United Kingdom, Carlsberg-Tetley achieved a moderate increase in market share in an otherwise stagnating market, and results were better than expected although below the level of last year. A weak start to the year was followed by a more positive trend in the subsequent quarters. 

 In Switzerland, FeldschlGLYPH<154>sschen registered a more favourable development than expected and thus contributes satisfactorily to the results. The restructuring is proceeding according to plans and the effect of this process is still expected in 2002. 

 In Sweden, Carlsberg Sverige realised unsatis- factory earnings. The negative market trend, pri- marily during the first six months of the year, was one of the main reasons for this development in results, but large, unexpected costs in connection with the integration of Falcon and Pripps and the introduction of Pepsi also affected results negati- vely. The integration of the breweries requires sub- stantial resources and the related synergies are expected to be realised in 2002 and 2003. 

In Finland, Sinebrychoff achieved significant progress in profit due to increasing market share and increased productivity. During the year, the company integrated the Coca-Cola business into its organisation and thus improved efficiency. 

In Norway, Ringnes achieved modest growth in profit despite a slight decline in total volume. 

In Italy, Carlsberg Italia gained market share in a modestly increasing market and improved profit due to the acquisition of distribution companies. As of 1 January 2002, Carlsberg Italia is owned 100% by Carlsberg Breweries. 

In Portugal, Unicer Bebidas showed a stable trend in market share and earnings in a weak market. 

In Germany, market conditions remain difficult and Hannen registered unsatisfactory results, cf. comments under Special items. 

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(*) Pro forma comparative figures for 2000 (12 months) 

Net turnover rose by 52.7% to DKK 6,062m, which is due to growth in BBH and Vena as well as the consolidation of TGLYPH<159>rk Tuborg, Turkey and Piast, Poland. 

Operating profit increased by 67.1% to 1,183m against DKK 708m last year. The increase is pri- marily attributable to organic growth in turnover and profit in Russia. 

In BBH, net turnover rose by 54% to DKK 3,659m. The total volume growth in beer of 30% stems from organic growth. BBH increased its market share in Russia to 30%, corresponding to a rise of about 3%-points compared to last year. The company thus continued its strong progress, both as regards volume and profit. 

In Russia, Vena saw significant growth and re- versed last yearGLYPH<213>s negative results to very satisfac- tory results. 

 In Poland, the implementation of Carlsberg OkocimGLYPH<213>s new structure has been initiated. It is expected to be operational by Q2, 2002. The mar- ket trend was weaker than expected and results are unsatisfactory. The Piast brewery has been consolidated with effect from 1 August 2001. 

In Turkey, Carlsberg Breweries increased its share- holding in TGLYPH<159>rk Tuborg to 82.46%. The company has experienced difficult market conditions and operating profit is slightly negative. The brewery has been consolidated with effect from 1 July 2001. 

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