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 news, markets, breaking news: markets, heineken nv, earnings,
Source: https://www.cnbc.com/2023/10/25/heineken-sales-hit-by-russia-exit-and-higher-beer-prices.html