Heineken revenue rises but warns on FY profit

|About: Heineken N.V. ADR (HEINY)|By:, SA News Editor

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)