Heineken said it has seen signs of slowdown in demand for its beer in some European markets after its third-quarter sales rose by less than expected.
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Heineken, the world’s second-largest brewer, reduced its forecast for 2023 profit growth on Monday after a weak performance in Asia depressed first-half earnings by more than expected.
The Dutch company, whose brands include Tiger and Sol, said it now expected growth in operating profit before one-offs this year to be between zero and a mid single-digit percentage. It had previously forecast a mid- to high-single-digit percentage.
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