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Heineken banking on Tiger beer sales in Asia to spur 2017 earnings growth

Thursday, February 16, 2017 - 05:50

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Growth in markets such as Cambodia and Indonesia is helping to offset slowing shipments in Europe, the Americas and Africa. In Vietnam, higher middle-class incomes are boosting consumption.

London

HEINEKEN NV, the world's second largest brewer, is forecasting growth in sales and profit this year as customers in Vietnam and other Asia markets drink more Tiger beer.

The Dutch company made the forecast on Wednesday as it reported its fastest earnings growth in seven

sentifi.com

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