Heineken Q3 beer sales rise less than expected

This post was originally published on this site

The maker of Europe’s top-selling lager Heineken, as well as Tiger, Sol and Strongbow cider, said beer volumes rose by 8.9% on a like-for-like basis, with the strongest increase in Asia, compared with the 12.0% average market expectation.

Heineken said it retained its full-year outlook for operating margin to be stable or increase modestly this year.