In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California.
Justin Sullivan | Getty Images
Heineken shares opened nearly 7% lower on Monday, after the brewing giant’s first-half profit growth came in weaker than analysts had expected.
The company’s stock was trading down 6.9% at 8:23 a.m. London time.
Operating profit showed organic growth of 12.5%, below a company-compiled consensus forecast of 13.2%.
Beer sales, which were expected to grow at 3.4%, rose by just 2.1%.
This breaking news story will be updated shortly.