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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 18 sources · 4 days · First seen · Last updated
Global brewing industry quarterly performance
Overview
Major brewing companies reported varied financial results for the third quarter and the first nine months of the year.
Heineken reported organic volume growth of 4.8% and net revenue growth of 4.6%, driven primarily by strong demand in the Asia-Pacific region, specifically in Vietnam, China, and India. The company also noted an 11.5% increase in its premium segment. However, the brewer indicated that beer consumption is facing pressure in Europe and the United States due to shifting consumer habits.
Carlsberg reported a 3.4% revenue increase for the first nine months, reaching approximately 9.678 billion euros. While revenue grew in Western Europe and parts of Central and Eastern Europe, volumes in Asia remained largely unchanged. The company noted that a 10.3% increase in non-beer beverages helped offset a 1.9% decline in beer volumes, particularly as premium beer volumes declined in China.
Entities
Jacob Aarup-Andersen · Heineken · Rafael Oliveira · PepsiCo · Sapporo
Timeline
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[BUSINESS] 3 sourcesCarlsberg reports 3.4% revenue growth in first nine months
Carlsberg reported a 3.4% revenue increase for the first nine months of the year, driven by growth in non-beer beverages and strong performance in India and Eastern Europe despite challenges in China.
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[BUSINESS] 16 sourcesHeineken reports Q3 growth driven by strong Asian demand
Heineken exceeded Q3 expectations with 4.8% volume growth, fueled by strong demand in Asia and premium brands, despite ongoing consumption challenges in Europe and the US.
Sources
ad-hoc-news.de · cashcow.nl · ceo-na.com · dagelijksestandaard.nl · dev.tnonline.com.br · diarioestrategia.cl · grocerygazette.co.uk · laopinioncoruna.es · levante-emv.com · n-tv.de · newsbit.nl · nieuws.nl · novini247.com · pleinevie.fr · seekingalpha.com · thegrocer.co.uk · tnonline.com.br · vinetur.com