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Heineken bids to drive Russian beer up the value curve
date:Aug 24, 2012
Reporting its H1 2012 results today, Heineken noted group revenues up 5% (4.5% in organic terms) to 8.778bn ($11bn) while group beer volumes rose 3.3% to 108m hectoliters (hl); net profit rose 1.6% to but fell 4% on an organic basis, i.e. excluding takeovers, acquisitions and mergers.

Central and Eastern European beer volumes grew 5.7% in organic terms to 26.8m hl year-over-year, with Heineken reporting double digit growth in Russia led by Three Bears, Heineken and Amstel brands but the bre

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