real-time news and commentary for investors
Wednesday, Oct 23
Heineken revenue rises but warns on FY profit
- Heineken (HINKY) Q3 revenue +4% to €5.18B, missing forecasts of €5.41B.
- Comparable consolidated beer volumes -3% to 48.3M hectoliters, under the 50.2M hectoliters expected.
- Cuts FY outlook and now predicts that adjusted net profit will fall by a low single-digit percentage vs a previous forecast that the figure would be flat. (PR)