carlsberg.impressive that despite volumes. >> disappointing, they. >> were still able to deliver a profit beat. >> exactly. and that's being very clear in the way that the shares are moving so far this morning. among the best performing stocks. >> in europe thus far. >> but let me. >> explain to. >> you why. perhaps we're looking at this reaction in the markets. if you think about. their 2024 performance, we actually saw a beat at the top and bottom lines for their full year results. >> and on top of. >> that. >> perhaps even. >> more importantly. >> they actually finished. >> at the. >> top range. >> of their guidance for 2024. >> in terms of organic operating. >> profit growth, up 6%. however, it's not just a rosy. picture when you think about their message for 2025. they guided for. lower organic operating profit growth in this year. and therefore they also highlighted that there's key. challenges ahead. some markets, particularly. asia and also western europe, there are pressures. >> in thos