20-08-14 8:25 pm – Source: Reuters
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Although Russia is an important market for Heineken is, marks the brewer little about the tensions between that country and the West on the situation in Ukraine. That said CEO Jean-François van Boxmeer today in a note to the financial statements.
“Of course we are concerned about developments like everyone else,” said Van Boxmeer. “Unrest is always bad for business.” But for example, the trade sanctions against Russia, Heineken no charge. The company produces beer in local breweries and is not dependent on exports.
Incidentally, with the Russian market for some time bad. “But that has other causes,” says Van Boxmeer. “The recent turmoil we have experienced to date no effect.”
Learn nuisance Heineken expects to suffer from weaker market conditions in Western Europe, the coming period. Last year scribbled sales in that important region, where price levels are relatively high, even in the second half. “That does not look so good this year,” said Van Boxmeer.
The volume growth will be achieved in emerging markets. For a larger share The lower prices who paid for beer growth in revenue per hectoliter in the second half will be some leveling off compared to the first six months of 2014, however the margins are higher in emerging markets.
(By : Editorial)
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