Heineken sees pick-up since April, but much uncertainty

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August 3, 2020

Heineken said on Monday it had witnessed a gradual recovery of its business since the low of April, remaining uncertainty over COVID19 containment measures left it unable to give a forecast for the rest of the year.

Reuters

Last Updated: August 3, 2020, 12:11 PM IST

BRUSSELS Heineken said on Monday it had witnessed a gradual recovery of its business since the low of April, remaining uncertainty over COVID-19 containment measures left it unable to give a forecast for the rest of the year.

The maker of Europe’s top-selling lager Heineken, Sol beer and Strongbow cider issued preliminary first-half results in mid-July showing it sold 11.5% less beer compared with the previous year and suffered a sharp drop of revenue as consumers opted for cheaper beers.

The figures released on Monday were the same.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Heineken sees pick-up since April, but much uncertainty

Heineken said on Monday it had witnessed a gradual recovery of its business since the low of April, remaining uncertainty over COVID19 containment measures left it unable to give a forecast for the rest of the year.

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