Heineken Sales Beat Estimates on Emerging Markets

Heineken NV, the world’s third-biggest brewer, reported first-quarter sales that beat estimates as consumers drank more beer in central and eastern Europe, Africa and the Middle East.

So-called organic consolidated beer volume rose 4.7 percent from a year earlier, the Amsterdam-based company said today in a statement. The median estimate of 10 analysts surveyed by Bloomberg was for a 2 percent increase. Revenue on that basis, which excludes acquisitions and disposals, rose 6.8 percent compared with a 2.8 percent estimate.