Heineken, the world’s third-largest brewer, reported better than expected sales growth in the first quarter, thanks to strong demand in China and Vietnam over the lunar new year.
Beer volumes grew 11 per cent in the first three months of the year or 7 per cent excluding currency effects — well ahead of analysts’ expectations of a 2.3 per cent rise in organic volumes.
Shares in the company jumped 4.7 per cent in the early minutes of trading to hit a record high of €86.80, before paring the gain to about 2 per cent.
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