Asia woes weigh on Heineken H1 as revenue growth slows – results data

Revenues for first half up +6.6% organically to EUR17.436bn [US$19.246bn] Performance “below expectations” as Asia Pacific declines Company expects volume falls to moderate in second half Soft demand in Asia Pacific hit Heineken’s performance in the first half of 2023, although global revenues moved up by +6.6% and beer premiumisation trends remain “strong”. Beer volumes fell -5.6% on an organic basis in the six months to the end of June, thanks to “the cumulative effect of pricing and a challenging economic backdrop”, the company said, including a -7.6% drop in the