Nick Train: Beverage companies set for 'sustained recovery'
Train is optimistic about the company thanks to "better than expected Q1 results". In particular, he was encouraged that the "Heineken brand itself had grown volumes by 12%". "Meanwhile, the brands the company characterises as ‘premium', which account for [approximately] 40% of group revenues, were up by low-teen percentage rates," he added. The re-opening of pubs in the UK has caused some issues for the company, however, as the upsurge of demand has caused "supply problems." Two of Heineken's premium bands, Moretti and Amstel, are also suffering from the issue. Train believes the supply pr...
Source: investmentweek.co.uk