// IP Marketing video - START// IP Marketing video - END

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
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
The government has made a decision to allocate to Sastex the building of the former regional hospital and the adjacent areas.
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
Partner news