Heineken sees growth in all regions | Progresiv
Brewing giant Heineken has reported robust first quarter results with beer volumes up 4.3% organically, with growth in all regions. 
Its core Heineken brand saw volume growth of 8.3% with a 15.5% rise in Africa, Middle East & Eastern Europe and the Americas. Growth was more subdued in Europe, up 5.2%, but increased 10.7% in the Americas.
Total beer volume sales in Europe rose 1.6% organically, buoyed by good weather. In the UK, total consolidated volume was up by “low-single digits”, helped by some inventory build-up anticipating Brexit and its re-listing at Tesco.
CEO Jean-François van Boxmeer commented: “We had a positive start to the year with volume growth across all regions despite the later timing of Easter, underlining our continued focus on growth and the breadth of our geographic footprint.”
He added: “Our outlook for 2019 remains unchanged, we anticipate our operating profit to grow by mid-single digit on an organic basis.” (www.kamcity.com)
