By Joseph Wallace

 

Shares in Heineken NV (HEIA.AE) rose after the Dutch beer maker posted its strongest sales growth in more than a decade.

In terms of volume of liquid sold, Heineken said its sales increased 7.7% from 2017 to 2018, excluding gains from mergers and acquisitions. Changing lifestyles played a part: In its full-year report, Heineken said low- and non-alcoholic beers had performed well, helping to offset weakness in the U.S.

The company plans to roll out the no-alcohol Heineken 0.0 beer in more countries this year, having boosted the number in which it is available from 16 to 38 in 2018.

Heineken shares jumped more than 5% in morning trading, placing them in the top 10 performers on the STOXX Europe 600 benchmark. Shares in Heineken Holding NV (HEIO.AE), which owns 50.01% of Heineken, rose by roughly the same amount.

 

Write to Joseph Wallace at joseph.wallace@wsj.com

 

(END) Dow Jones Newswires

February 13, 2019 06:22 ET (11:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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