Heineken: Strong sales in Europe and Americas

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Heineken, the world’s third-largest brewer, said revenues and beer volumes grew in the third quarter, driven by strong sales in the Americas and Europe.

The Dutch brewer, whose Heineken lager is Europe’s top seller, said revenues grew 8 per cent in the third quarter to £4bn, ahead of a poll of ten analysts which had produced an average forecast of £3.83bn.

Heineken maintained its forecast of revenue growth, with volumes rising at a slower pace than in 2014 and weighted more to the second half.

The company also targets annual improvements in operating margin of 40 basis points, although said it would not achieve this in 2015 due to the disposal of its Mexican packaging business.