Heineken N.V. reported global beer volume growth of 3.1% and a 3.3% increase in net revenue per hectoliter in 2019.
“We delivered another year of superior top line growth with continued strong performance in the second half,” CEO Jean-François Van Boxmeer said during a call with investors and analysts.
The news wasn’t as good in the U.S., where the company’s volume declined mid-single digits.
Heineken’s craft offerings, including Lagunitas Brewing Company, grew volume by mid-single digits, to 5.6 million hectoliters, driven by growth in Europe. The Lagunitas brand is now sold in more than 35 international markets and being produced in the Netherlands and Brazil, in addition to the brand’s hometown of Petaluma, California, and its breweries in Seattle, Washington, and Chicago, Illinois.