Heineken expects higher sales volumes in 2014

Heineken expects higher sales volumes in 2014

PanARMENIAN.Net - Heineken NV says it expects higher sales volumes in 2014 as growth in emerging markets outweighs falling consumption in Europe. It also plans "modest" price hikes, according to the Associated Press.

The Dutch brewer, however, stopped short of forecasting higher revenues for the year because weaker emerging market currencies will hurt its reported numbers. Developing markets account for about half its business.

The family-controlled company said it plans to increase profits this year by cutting costs and shedding an unspecified number of employees.

Heineken reported a 52 percent fall in net profit for the year 2013, to 1.36 billion euros ($1.85 billion), from 2.91 billion euros in 2012, when it booked a one-time gain of 1.49 billion euros on its Asian Pacific Breweries business. Revenues increased 1.3 percent to 21.3 billion euros.

Related links:
 Top stories
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
Priority needs will be identified through assessments of economic development potential and prioritization by the communities.
Partner news