Heineken's Sales Lifted by Femsa Buy

on 31/10/10 at 11:45 am

Industry

Heineken NV said Wednesday its third-quarter sales rose 13%, boosted by the acquisition of Mexico-based Femsa Cerveza, even as volumes fell 1% due to a sharp drop in Europe.

The Dutch brewer said third-quarter sales increased 13% to €4.62 billion ($6.4 billion) from €4.07 billion in the same period a year earlier.

Heineken, which brews brands including Heineken, Amstel and Strongbow cider, said revenue was boosted by the acquisition of Femsa’s beer activities, which Heineken consolidated in May this year. Stripping out the effect of the acquisition, sales dropped 2.1%.

{Full story via Wall St. Journal}

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