caroline: i'm sure you are every now and then -- russia is thinking baltica. this is why. that is -- this is so important number one brewer in russia. it is falling today and if we look at numbers profit up 26%. if you look at it on a net reported acis, they reported a loss and that might be why you see some of the enthusiasm coming out of the share price. the reason they managed to drive -- if you look at western europe beer volume grew some 5%. this is a company that is upping the price point for a pike of beer. asia are doing well in india and china and making acquisitions there. they are confirming their full-year growth target. many thought that was over ambitious. deutsche bank called it unrealistic. nevertheless, they stand by them. this is such an important market for carlsberg. it accounts for a quarter of all of its earnings. the beer market not doing very well there. the macro economy is doing badly him a political uncertainty and the ruvell is falling. and we do actually have regulation getting there as well. so many headwinds facing in terms of russia. neverth

it bought baltica in 2008. since then, deteriorating the russian market deteriorated 9%. ukraine is off 14%. we know the political instability. there is regulation and the russian beer market. you will not be able to buy it at the kiosk anymore. that is a headwind, not to mention the ruble. that hit numbers. they are managing to control it, upping their prices in russia. they also said overall they managed to increase their market share. this is still a deteriorating market. this is the challenge for the next chief executive. you just spoke to juergen rasmussen he is handing over the reins. he has a new chief executive. amen and the dairy industry is the first non dane to be taking over this company since carlsberg was founded. he has stagnant 14%. we growth to turn around. that was really interesting in your interview with the previous chief executive. he says russia is still a long-term that. have a listen. mr. rasmussen: i do not think anyone knows. a lot of issues are driven by politics. what i can say, i do believe that the situation will improve and it will benefit