Heineken, which also brews Sol and makes Strongbow cider, said it is expecting higher sales in emerging markets to offset lower consumption in Europe.

Today, 12 February, Heineken posted an organic revenue growth of just 0.1%, while profits fell by 2% to 1.59bn euros ($2.2bn; £1.3bn) in 2013.

Its premium volume declined by 1.8%, impacted by a de-stocking in France and the US, however the groups operating profit increased 2.8% and grew 0.6% organically.

The figures were not unexpected and in line with forecasts after the brewer issued a profit warning in October last year with the company, along with other brewers, affected by disappointing sales in Europe.

Read More at Source the Drinks Business