Heineken has said the UK saw weaker volumes in the first quarter of 2015 because of “challenging market conditions”.
The drinks giant saw consolidated revenue decline by 0.1% in Western Europe, reflecting volume decline of 1.1%, and revenue per hectolitre down 0.6%. Group beer volume was 1.7% lower organically.
Globally group revenue grew 2.2% organically with group revenue per hectolitre up 0.3%. Group beer volume grew 2.2% organically, with positive growth momentum in Asia Pacific and the Americas regions.
Jean-François van Boxmeer, chairman and chief executive, said: “We have made solid progress through the first quarter, with top-line growth reflecting the benefits of Heineken’s geographic diversity and our continued focus on marketing and innovation. Volumes were once again strong in Asia Pacific and Americas, offset by slightly lower volumes in Europe and more subdued volume growth in Africa Middle East. Heineken premium volume growth continued, especially in developing markets. Whilst pricing continues to be limited by deflationary and off premise pressures, and markets including Nigeria and Indonesia are challenging, we remain confident of delivering on expectations for the full year.”
