Poor summer hits Heineken sales in western Europe

Brewing group Heineken reported a 1.7% drop in third quarter group beer European sales on Wednesday, due in part to the poor European summer.


But total sales in volume terms rose 1.1%, boosted by growth in four other regions, including a 4.9% rise in central and eastern Europe, the company said in a statement.
Total revenues reached €4.6bn, unchanged on the year-earlier period. Net profit was also stable at €525m.
Heineken said at the end of August it expected this year to be difficult and reiterated earlier forecasts that net profit would be broadly in line with last year.

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