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Beer giant Heineken posts sales hit on Russia exit, higher prices - TL;DR CNBC

Beer giant Heineken posts sales hit on Russia exit, higher prices

Publishing timestamp: 2023-10-25 05:56:52


Summary

Heineken's beer sales fell by 4.2% in the third quarter due to the completion of its exit from Russia and higher prices. However, revenue increased by 2% due to price hikes. The company's net profit for the first nine months also slowed. Heineken reiterated its full-year operating profit growth forecast and its shares were 2% higher in early trade.


Sentiment: N/A

Tickers: HEIA-NL

Keywords: business newsmarketsbreaking news: marketsheineken nvearnings

Source: https://www.cnbc.com/2023/10/25/heineken-sales-hit-by-russia-exit-and-higher-beer-prices.html


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