Heineken sells more than expected in the first quarter

BRUSSELS-the Heineken Brewery sold more beer than expected in the first three months of the year, helped by the growth in the new year of China and Viet Nam and by the occurrence of Easter early.
The manufacturer of Heineken, most lager sold in Europe, the Tiger and Sun kept its forecast for the full year, but said that currency factors weigh more on the results and warned of difficulties in Nigeria due to the lower price of oil.
Heineken''s shares reached 4,6% up to a maximum record 86.95 euros. At 7:14 in GMT, rose 0,26%.
"Many good elements converged in the first quarter, but they are keeping the forecast and warning that the second quarter may not be so good," said Andrew Holland, an analyst of the drinks at Société Générale.
Heineken said beer volumes sold rose in a comparable basis in 7%, to 43.5 million hectolitres, above the median of 41.3 million hectolitres predicted by analysts polled by Reuters.