Chairman of the Executive Board and CEO of Heineken Jean Francois van Boxmeer delivers a speech during the official opening of a new Heineken brewery in Mexico last yaer. - Reuters filepic
London: Heineken NV reported earnings that beat analyst estimates, driven by its namesake brand’s fastest sales growth in a decade. That comes a day after the world’s second-largest brewer said its chief executive officer is stepping down.Analysts expected 5.1% growth.Full-year adjusted net income reached 2.52bil , also ahead of estimates.
Its forecast for mid-single digit adjusted earnings growth, is the same as its original target last year, which it later lowered to 4%.That’s after rival Carlsberg A/S set a subdued tone because of the outbreak. Brazil is now the largest market for the Heineken brand. — Bloomberg We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!
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