AMSTERDAM-- Heineken NV said third quarter profit fell 4.8%, with lower sales in Europe offset by growth in emerging markets.
Net profit for the third quarter came in at EUR460 million, compared with EUR483 million in the same period a year earlier.
Revenue fell 1.5% to EUR5.1 billion, from EUR5.18 billion in the third quarter of 2013. When stripping out the effect of divestitures and currency effects, revenue was up 0.2%.
However, sales and volumes in Europe fell, with Heineken blaming unseasonably wet weather conditions. Other regions continued to grow.
"Amid a volatile global environment and poor weather during the high selling season in Europe, we maintained top-line growth," Chief Executive Officer Jean-François van Boxmeer said.
The Dutch brewer reiterated its expectations for the full year. The company expects to grow margins in 2014 above the medium-term target level of 40 basis points a year.
Write to Robin van Daalen at Robin.VanDaalen@wsj.com
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