Bloomberg News

Heineken Reports Unexpected Sales Growth in Third Quarter

October 26, 2011

Oct. 26 (Bloomberg) -- Heineken NV, the world’s third- largest brewer by volume, reported unexpectedly higher sales in the third quarter as the company’s volume in western Europe slipped less than anticipated.

So-called organic sales rose 3 percent in the period, the Amsterdam-based company said in an e-mailed statement today. The median estimate of analysts surveyed by Bloomberg News was for a decline in sales of 1.5 percent.

Heineken has suffered as consumer confidence wanes in western Europe, where it made almost half its revenue last year. The company cut its expectations for annual profit in August, saying it expected so-called organic adjusted net income to be “broadly in line” with last year. Heineken repeated that outlook today.

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net


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