Company reports big gain globally but sales are soft in US
Heineken N.V. reported Wednesday a 42% increase in first-half net profit, as cost cuts and strong growth in Africa and Asia offset weakness in Europe and the U.S.
In the US, HUSA reported sales down 1.7%. Dos Equis and Newcastle both had “strong” sales but Heineken sales were down.
“Trading conditions remained challenging in Europe and the USA, but we realized strong group beer volume growth in Africa and Asia,” said Chief Executive Jean-Francois van Boxmeer in a statement.