Heineken beer sales lower than expected on Asia weakness

October 27, 2021

BRUSSELS (Reuters) – Heineken, the world’s second-largest brewer, on Wednesday reported a steeper than expected decline in third-quarter beer sales after COVID-19 restrictions depressed volumes across Asia.

The Dutch brewing giant said it sold 5.1% less beer on a like-for-like basis than a year earlier, with Asia-Pacific sales down 37.4%.

The maker of Europe’s top-selling beer, Heineken, along with Tiger and Sol lagers, retained its forecast that full-year results would be below those of pre-pandemic 2019.

(Reporting by Philip Blenkinsop; Editing by David Goodman)

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Tajammul Pangarkar

Tajammul Pangarkar is a tech blogger, and has contributed to numerous tech magazines. Tajammul longstanding experience in the field of mobile technology and industry research is reflected in his insightful news articles as presented on News.market.us. His interest lies in understanding the tech trends, mobile applications and technical consciousness on these increasingly consumer-oriented industries. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.