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Heineken suffers 14pc slide in beer sales in March
A man walks past the Cuauhtemoc Moctezuma brewery, a subsidiary of Heineken, after the company suspended production and distribution from its seven plants in Mexico, in Monterrey April 3, 2020. u00e2u20acu201d Reuters pic

BRUSSELS, April 22 — Heineken, the world's second largest brewer, today reported a 14 per cent slide in beer sales in March, with sharp declines in all regions as the Covid-19 pandemic closed bars and restaurants across the globe.

The brewer of Heineken, Tiger and Sol beers and Strongbow cider had already said beer volumes would be 2 per cent lower in the first quarter, with a 4 per cent decline in overall volumes, including cider and soft drinks.

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The second quarter would be worse, with an impact also in the second half of the year as lockdowns may be lifted but the impact on the economy endured. — Reuters

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