Latest news with #BirraMoretti
South Wales Guardian
17 hours ago
- Business
- South Wales Guardian
Heineken sells less beer after fraught pricing talks with retailers
The Dutch brewer saw shares dip as it also indicated that US tariffs would act as a drag on company profits. The company, which also makes Birra Moretti and Amstel, reported a 1.2% slump in beer volumes in the first six months of 2025, driven by declines in Brazil, the US and parts of Europe. It said European volumes dropped by 4.7% after a number of retailers, primarily in France, the Netherlands, Germany and Spain, pulled the brand due to planned price increases. Heineken said the talks with retailer groups took longer than expected to be resolved. Group revenues dropped by 5% to 16.9 billion euros (£14.6 billion) for the half-year. The company said it also saw weaker sales in the US over the period, with beer volumes down by 'high' single digits due to weak consumer sentiment. It comes as the company is set to be impacted by the proposed 15% tariff on all EU products imported into the US. In the UK, net revenues, before exceptional items and amortisation, increased by 'low single digits' over the half. Beers and cider volumes dropped, despite strong growth from its Cruzcampo lager brand. Its Murphy's stout brand also saw further growth after being boosted by improved distribution and new draughts. The brand benefited from supply issues from rival stout brand Guinness late last year following soaring demand. Dolf van den Brink, chief executive and chairman, said: 'We continued to invest in future-proofing our business, strengthening our footprint and brand portfolios, funded by productivity savings. 'Our volume performance improved across all regions in the second quarter and continued to be of high quality.'
The Independent
19 hours ago
- Business
- The Independent
Beer giant blames price disputes for declining sales
Brewing giant Heineken has reported a significant dip in beer sales, attributing the decline to protracted price negotiations with European retailers. The Dutch company, which also owns Birra Moretti and Amstel, saw its shares fall after revealing a 1.2 per cent slump in beer volumes during the first half of 2025. This downturn was particularly pronounced in Brazil, the US, and across several European markets. European volumes alone plummeted by 4.7 per cent, as major retailers in France, the Netherlands, Germany, and Spain opted to delist the brand in response to planned price increases. Heineken stated that discussions with these retail groups took longer than anticipated to resolve. The challenging trading conditions contributed to a 5 per cent drop in group revenues, reaching 16.9 billion euros (£14.6 billion) for the half-year. The brewer also indicated that US tariffs are expected to further impact company profits. The company said it also saw weaker sales in the US over the period, with beer volumes down by 'high' single digits due to weak consumer sentiment. It comes as the company is set to be impacted by the proposed 15 per cent tariff on all EU products imported into the US. In the UK, net revenues, before exceptional items and amortisation, increased by 'low single digits' over the half. Beers and cider volumes dropped, despite strong growth from its Cruzcampo lager brand. Its Murphy's stout brand also saw further growth after being boosted by improved distribution and new draughts. The brand benefited from supply issues from rival stout brand Guinness late last year following soaring demand. Dolf van den Brink, chief executive and chairman, said: 'We continued to invest in future-proofing our business, strengthening our footprint and brand portfolios, funded by productivity savings. 'Our volume performance improved across all regions in the second quarter and continued to be of high quality.'
Leader Live
19 hours ago
- Business
- Leader Live
Heineken sells less beer after fraught pricing talks with retailers
The Dutch brewer saw shares dip as it also indicated that US tariffs would act as a drag on company profits. The company, which also makes Birra Moretti and Amstel, reported a 1.2% slump in beer volumes in the first six months of 2025, driven by declines in Brazil, the US and parts of Europe. It said European volumes dropped by 4.7% after a number of retailers, primarily in France, the Netherlands, Germany and Spain, pulled the brand due to planned price increases. Heineken said the talks with retailer groups took longer than expected to be resolved. Group revenues dropped by 5% to 16.9 billion euros (£14.6 billion) for the half-year. The company said it also saw weaker sales in the US over the period, with beer volumes down by 'high' single digits due to weak consumer sentiment. It comes as the company is set to be impacted by the proposed 15% tariff on all EU products imported into the US. In the UK, net revenues, before exceptional items and amortisation, increased by 'low single digits' over the half. Beers and cider volumes dropped, despite strong growth from its Cruzcampo lager brand. Its Murphy's stout brand also saw further growth after being boosted by improved distribution and new draughts. The brand benefited from supply issues from rival stout brand Guinness late last year following soaring demand. Dolf van den Brink, chief executive and chairman, said: 'We continued to invest in future-proofing our business, strengthening our footprint and brand portfolios, funded by productivity savings. 'Our volume performance improved across all regions in the second quarter and continued to be of high quality.'
Glasgow Times
19 hours ago
- Business
- Glasgow Times
Heineken sells less beer after fraught pricing talks with retailers
The Dutch brewer saw shares dip as it also indicated that US tariffs would act as a drag on company profits. The company, which also makes Birra Moretti and Amstel, reported a 1.2% slump in beer volumes in the first six months of 2025, driven by declines in Brazil, the US and parts of Europe. It said European volumes dropped by 4.7% after a number of retailers, primarily in France, the Netherlands, Germany and Spain, pulled the brand due to planned price increases. Heineken said the talks with retailer groups took longer than expected to be resolved. Sales of Murphy's Irish stout grew in the UK over the past half year, Heineken said (David Parry Media Assignments/PA) Group revenues dropped by 5% to 16.9 billion euros (£14.6 billion) for the half-year. The company said it also saw weaker sales in the US over the period, with beer volumes down by 'high' single digits due to weak consumer sentiment. It comes as the company is set to be impacted by the proposed 15% tariff on all EU products imported into the US. In the UK, net revenues, before exceptional items and amortisation, increased by 'low single digits' over the half. Beers and cider volumes dropped, despite strong growth from its Cruzcampo lager brand. Its Murphy's stout brand also saw further growth after being boosted by improved distribution and new draughts. The brand benefited from supply issues from rival stout brand Guinness late last year following soaring demand. Dolf van den Brink, chief executive and chairman, said: 'We continued to invest in future-proofing our business, strengthening our footprint and brand portfolios, funded by productivity savings. 'Our volume performance improved across all regions in the second quarter and continued to be of high quality.'
North Wales Chronicle
20 hours ago
- Business
- North Wales Chronicle
Heineken sells less beer after fraught pricing talks with retailers
The Dutch brewer saw shares dip as it also indicated that US tariffs would act as a drag on company profits. The company, which also makes Birra Moretti and Amstel, reported a 1.2% slump in beer volumes in the first six months of 2025, driven by declines in Brazil, the US and parts of Europe. It said European volumes dropped by 4.7% after a number of retailers, primarily in France, the Netherlands, Germany and Spain, pulled the brand due to planned price increases. Heineken said the talks with retailer groups took longer than expected to be resolved. Group revenues dropped by 5% to 16.9 billion euros (£14.6 billion) for the half-year. The company said it also saw weaker sales in the US over the period, with beer volumes down by 'high' single digits due to weak consumer sentiment. It comes as the company is set to be impacted by the proposed 15% tariff on all EU products imported into the US. In the UK, net revenues, before exceptional items and amortisation, increased by 'low single digits' over the half. Beers and cider volumes dropped, despite strong growth from its Cruzcampo lager brand. Its Murphy's stout brand also saw further growth after being boosted by improved distribution and new draughts. The brand benefited from supply issues from rival stout brand Guinness late last year following soaring demand. Dolf van den Brink, chief executive and chairman, said: 'We continued to invest in future-proofing our business, strengthening our footprint and brand portfolios, funded by productivity savings. 'Our volume performance improved across all regions in the second quarter and continued to be of high quality.'
