Heineken net profit fell by 76% in the first nine months of 2020

Cristian Hatis 1 Min Read

Heineken registered, in the first nine months of 2020, a net profit of 396 million euros, down 76% compared to the same period last year, EFE reports.

Sales volume of the Amsterdam-based company fell by 8.1% by September, to 165.4 million hectoliters.

In particular, sales fell in Africa, the Middle East and Eastern Europe, where there was a decline of 11.5% in the volume of beer produced and sold, and to a lesser extent in America (-9%), Asia Pacific (-7.3%) and Europe (-5.9%).

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