Heineken blames bad spring for revenue fall

Heineken, the world’s third- biggest brewer, said poor spring weather in Europe led to weak second-quarter revenue and predicted that earnings this year won’t grow as consumers in the region curb spending.

The company witnessed a “further moderation versus what we had expected after the first quarter,” chief executive Jean-Francois van Boxmeer said.

The second quarter was “clearly below” company expectations “and that will have an impact on total outlook for the year”.