Heineken NV, the world’s third-biggest brewer, reported sales that advanced less than analysts estimated as weaker demand in Nigeria and across Europe offset gains in Asia and Brazil.
Revenue in Africa and the Middle East declined 1.1 percent on a consolidated basis, less than the 2 percent gain expected by analysts, as consumers in Nigeria pared back spending amid falling oil prices.
Heineken, which also reiterated its full-year guidance, is anticipating stronger sales and profit in 2015 despite volatility in some emerging markets, where it generates nearly two-thirds of operating profit
