UPDATE 1-Heineken beer sales rise in every region, outlook held [Reuters]
HEINEKEN N V S/ADR (HEINY)
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Source: Reuters
Heineken beer sales rise in every region, outlook held | Reuters 2 Min Read BRUSSELS (Reuters) - Heineken NV ( HEIN.AS ), the world’s second largest brewer, increased beer sales in all four of its global regions in the third quarter and said it stuck to its full-year outlook. The Dutch maker of Heineken, Europe’s top-selling lager, as well as Tiger, Sol and Strongbow cider, said on Wednesday its consolidated beer volumes rose by 4.6 percent year-on-year to 62.6 million hectoliters in the July-September period. The figure was broadly in line with analysts’ average expectation in a Reuters poll of 62.5 million hectoliters. “Volume growth continued in the third quarter, benefiting from good weather in Europe and strong growth in Brazil, Mexico, Vietnam and South Africa,” Chief Executive Officer Jean-Francois van Boxmeer said in a statement. Sales of Heineken lager, the company’s premium global brand on which margins are greater, rose by 9.2 percent, with strong growth in Brazil, South
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