Heineken NV said in its nine months results that it is seeing increased volatility across a number of its markets despite seeing profits rise by 4.45% to €1.67bn. The higher earnings were driven by beer volume growth of 2.3%, with brand Heineken® surging 7.4%.
The company said that it benefited from the double-digit growth of its brand Heineken in countries such as Brazil, South Africa, the UK, Nigeria, Romania and Germany.
Looking at the company’s performance by region, its Africa, Middle East and Easter Europe region saw 1.6% beer volume growth.
In Nigeria, beer volume grew by low-single-digit with the premium portfolio growing double-digit, driven by brand Heineken®.