Sunday July 12, 2020

Heineken's Q1 sales fall unexpectedly

Heineken has reported an unexpected decline in first-quarter sales as European consumers curbed their spending amid government austerity measures.

24th April, 2013
Heineken Q1 sales fall unexpectedly

Heineken has reported an unexpected decline in first-quarter sales as European consumers curbed their spending amid government austerity measures.

Consolidated lager volume excluding the effect of acquisitions dropped 4.7 percent.

That compares with the median estimate of 12 analysts for a 0.6 percent increase, Bloomberg News reported.

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