Heineken Shares Rise on Strongest Sales Growth in a Decade
February 13 2019 - 6:37AM
Dow Jones News
By Joseph Wallace
Shares in Heineken NV (HEIA.AE) rose after the Dutch beer maker
posted its strongest sales growth in more than a decade.
In terms of volume of liquid sold, Heineken said its sales
increased 7.7% from 2017 to 2018, excluding gains from mergers and
acquisitions. Changing lifestyles played a part: In its full-year
report, Heineken said low- and non-alcoholic beers had performed
well, helping to offset weakness in the U.S.
The company plans to roll out the no-alcohol Heineken 0.0 beer
in more countries this year, having boosted the number in which it
is available from 16 to 38 in 2018.
Heineken shares jumped more than 5% in morning trading, placing
them in the top 10 performers on the STOXX Europe 600 benchmark.
Shares in Heineken Holding NV (HEIO.AE), which owns 50.01% of
Heineken, rose by roughly the same amount.
Write to Joseph Wallace at joseph.wallace@wsj.com
(END) Dow Jones Newswires
February 13, 2019 06:22 ET (11:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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