Heineken beer sales lower than expected on Asia weakness

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BRUSSELS, Oct 27 (Reuters) – Heineken, the world’s second-largest brewer, on Wednesday reported a steeper than expected decline in third-quarter beer sales after COVID-19 restrictions depressed volumes across Asia.

The Dutch brewing giant said it sold 5.1% less beer on a like-for-like basis than a year earlier, with Asia-Pacific sales down 37.4%. The maker of Europe’s top-selling beer, Heineken, along with Tiger and Sol lagers, retained its forecast that full-year results would be below those of pre-pandemic 2019.

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