Heineken has a slight drop in the volume of beer sales in Brazil

Dutch beverage manufacturer Heineken reported on Tuesday (23) that the volume of beers sold in Brazil had a slight decline in the third quarter, compared to the same period in 2018. According to the company, the premium beverage segment and its own brand grew two digits in the country, driven by Amstel, Devassa and Heineken. But the segment that includes cheaper beverages had a two-digit drop, reflecting the price increase recorded at the beginning of the second quarter. In the quarterly report of the company, released earlier, the company does not inform specific numbers of Brazil. In the Americas, region of which the country is part, there was a decline of 0.5% in the volume of beer sales, in organic terms, and 19.6% in the sale of other beverages, such as soft drinks. In consolidated terms, the sales volume declined 2.7% in the region. Overall, there was an increase of 2.3% in the volume of sales of beers, pulled by performance in Asian countries. Considering only Heineken beer, there was a 7.4% advance in sales, with the contribution of Brazil, South Africa, the United Kingdom, Nigeria, Romania and Germany. The company reported that it had a profit of 1.67 billion euros in the period from January to September, which represents a 4% high before the same months of the previous year. After the dissemination of the results, on the morning of Wednesday, the shares of the beverage manufacturer had a decline of 2.25% in Amsterdam, to 94.54 euros.