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Home Companies Company News

Heineken guidance suggest weaker sales for NB anticipated Q1 results

Nairametrics by Nairametrics
April 22, 2015
in Company News, Spotlight
NBL Watch: Heineken Declares 4.6% Drop In Profits, Cites Nigeria As One of The Causes
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  • 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
  • Bloomberg
Tags: Nigeria BreweriesOil & Gasoil price
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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