By Anthony Shevlin
Heineken NV (HEIA.AE) said Wednesday that net profit in the first quarter rose as beer volume grew across all regions.
The world's second-largest brewer by sales said net income was 299 million euros ($335.9 million), compared with EUR260 million the prior year.
The company said its consolidated beer volume rose 4.3% on an organic basis compared with the year previous.
An analyst consensus provided by the company saw organic growth of 3.3%.
Beer volume in the U.S. posted a mid-single digit decline although beer volume in the Americas region grew 3.2% organically.
The company confirmed its outlook for 2019 and expects operating profit to grow by a mid-single digit on an organic basis.