Key takeaways
Heineken reported a 5% increase in third-quarter sales volumes, reaching 76 million hectolitres, driven primarily by strong growth in the Asia-Pacific region. New CEO Rafa Oliveira acknowledged positive foundations but emphasized the need for improved execution and accountability.
- Asia-Pacific volumes rose 17.3%, fueled by strong momentum in Vietnam, China, and India.
- Heineken 0.0 non-alcoholic beer achieved double-digit growth across 26 different markets.
- The company plans to cut up to 6,000 jobs over two years to boost profitability.
Summarised automatically by AI from the original article by Malay Mail. AI can make mistakes, so check the original for details.
THE HAGUE, Oct 28 — Dutch brewer Heineken today reported a near five-per cent gain in total volumes sold in the third quarter, driven by strong growth in its Asia-Pacific market.
The world’s second-biggest brewer after AB InBev said its total volumes, including beer, cider, and non-alcoholic drinks, came in at 76 million hectolitres, compared to 71.6 million in the same period last year.
Asia-Pacific led the growth, with “particularly strong momentum” in Vietnam, China and India driving volumes in that region up by 17.3 per cent, Heineken said.
Its non-alcoholic beer Heineken 0.0 also performed well, with double-digit growth in 26 markets.
