The Dutch brewery group Heineken has reported a decline in beer sales due to weak consumer confidence, unfavorable weather conditions, and conflicts with supermarket chains.
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In the third quarter, beer volumes fell by 4.3%. Organic sales fell by 1.4% to 8.7 billion euros, while adjusted net sales fell by 0.3% to 7.3 billion euros. In Europe and the Americas, volumes fell by 4.7% and 7.4% respectively. CEO Dolf van den Brink points to macroeconomic uncertainty and expects consumer confidence and demand to recover once conditions normalize.
