Heineken has this morning reported that its UK volumes were down by a “low single-digit amount” during its first quarter due to a partial de-listing by a large customer, believed to be Tesco.
Earlier this year, the supermarket chain cut the Dutch brewer’s listings in half following a review of its beer and cider offer.
Tesco is now stocking just 22 products from Heineken’s beer and cider portfolio, down from 53 at the beginning of the year, following a spate of de-listings in February.
Heineken said that its premium volumes in the UK continued to grow double digit. It said that for Europe as a whole organic consolidated beer volume growth of 0.5% reflected continued improved consumer confidence across most of the region, slightly offset by a tougher winter in some markets of Central & Eastern Europe and later timing of Easter.
Consolidated beer volume was up 0.6% organically, with growth in Asia Pacific and Europe offsetting slightly lower volume in Americas and Africa, Middle East and Eastern Europe.
Heineken total global volumes grew organically by 2.5% in the first quarter, helped by growth in South Africa, Brazil, the US and Italy, which more than offset weaker volume in Vietnam due to the earlier Tet timing (Vietnamese New Year).
It said that the first quarter is seasonally less significant in terms of both volume and profit to full year Heineken results.
Jean-François van Boxmeer, chairman of the executive board and chief executive, said: “Performance in the first quarter was in line with expectations, delivering volume growth against strong comparatives last year. Asia Pacific continued to outperform and volume in Europe was solid. In Africa, Middle East and Eastern Europe market conditions remain challenging, adversely impacting volume. In Americas, whilst Mexican volume was good this was more than offset by weaker volume in Brazil. Our full year expectations remain unchanged.”