Heineken Records Net Profit Of €168m For First Quarter Of 2021
Heineken NV has recorded a net profit of €168 million for the first quarter of 2021.
Better Than Expected
The world’s second-largest brewer fared better than expected at the start of 2021 as increased beer sales in Africa and Asia offset a sharp decline in Europe.
The maker of Europe’s top-selling lager, Heineken, and Tiger and Sol, retained its outlook that the impact of the COVID-19 pandemic is significant and markets should gradually improve in the second half of 2021, depending on vaccine rollouts.
Volume Of Beer Sold
The Dutch brewer sold 50.3 million hectolitres of beer in the first quarter, unchanged from a year earlier on a like-for-like basis. The average forecast in a company-compiled poll was for a 5% decline.
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