Heineken Sees Beer Volumes Up Marginally In Europe In Third Quarter
Drinks giant Heineken said that its organic consolidated beer volumes increased by 0.6% in Europe in the third quarter of the year, "despite tough comparatives for the quarter".
The group saw positive growth in Spain, the Netherlands, France and Italy, boosted by good summer weather, however, volume was flat in Poland and it declined in Romania, Austria and the UK.
Overall, Heineken saw consolidated beer volumes rise 2.0% organically, with "growth in Americas, Asia Pacific and Europe offsetting weaker volume in Africa Middle East & Eastern Europe", according to the company.
"Performance in the third quarter was robust, despite strong comparatives in Americas and Europe, and a tough environment in Africa Middle East & Eastern Europe," said Jean-François van Boxmeer, chairman of the executive board and CEO.
"Strong performance continued in key markets such as Vietnam and Mexico, with Europe also showing further positive momentum. Our full-year margin expectations remain unchanged, despite continued adverse economic conditions in some developing markets, as well as increasing currency headwinds."
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.