But Heineken revised downwards its outlook for the year as a whole, predicting a 20 basis point fall in operating profit margin for 2018. “Economic conditions are expected to remain volatile and Heineken assumes a negative currency impact comparable to 2017 on revenue and operating profit”, Heineken’s statement said. In February this year, the company opened its seventh brewery in Mexico, pouring 500 million euros into the venture. In the first half of the year, Heineken saw beer volumes rise 7.5 percent worldwide, driven by double-digit growth in Brazil, South Africa, Russia, Nigeria, Mexico and several European countries. The group is the world’s second-largest brewer after Belgium-based AB InBev.

Source: The Guardian July 30, 2018 07:41 UTC