Asia drives Heineken’s Q3 sales growth
The Dutch brewer reports a 17.3% increase in Asia-Pacific volumes, led by Vietnam, China and India, while maintaining its full-year operating profit growth forecast of 2% to 6%.
Heineken, the second-largest brewer globally, reported a 4.6% increase in net revenue to €8.1 billion in Q3, driven by strong growth in its Asia-Pacific market. Total volumes sold rose to 76 million hectolitres, up from 71.6 million in the same period last year. The Asia-Pacific region led the growth, with 17.3% increase in volumes, particularly in Vietnam, China, and India.
Heineken's non-alcoholic beer, Heineken 0.0, also performed well, with double-digit growth in 26 markets. New CEO Rafa Oliveira expressed a positive first impression but called for better performance, urging the company to translate its strong foundations into consistent growth and win over consumers more effectively. Heineken plans to cut up to 6,000 jobs over the next two years to boost sales and profitability.
The brewer has not published quarterly net profit figures, only revealing them in half-year or full-year reports, maintaining a forecast of a full-year operating profit between 2% and 6%. Volumes were up in the Americas and Europe as well, with a 0.6% gain, aided by favorable weather conditions.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Asia drives Heineken’s Q3 sales growth freemalaysiatoday.com
- Asia drives fizzing Heineken volumes as Q3 sales rise malaymail.com
