Heineken reported earnings for the first half of the year and managed to impress. The results suggest that the second-largest brewer in the world is leaving competitors behind, especially thanks to growth in emerging economies.
The company’s revenue rose 5.7%. Beer volume especially rose in Asia where the demand for the highly-popular Tiger beer brand skyrocketed in Vietnam, one of the Dutch brewer’s largest markets.
The company’s CEO stated that conditions in Africa and Russia will be challenging in the second half of the year. It’s also important to note that the company’s performance could be affected by a recent rise in the euro.
All in all, Heineken shares have been performing very well this year, rising over 22% since the beginning of 2017. How will they perform in the rest of the year?
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