Heineken shares slide as tariff uncertainties spook investors

Written by Emma Romney

LONDON (Reuters)-DCUT Breweer Heineken shares fell more than 8 % on Monday, as the expected increase in profit profits may be brought to the investor’s concern due to profits and sizes in the second half, which Heineken warned it might be softer with a confidence tariff.

Al -Jaa Factory No. 2 in the world welcomed a commercial deal that highlighted the European Union and the United States and said on Monday that it weighs all options to deal with the long -term tariff challenges, including manufacturing.

Its shares were closed by 8.45 % despite an increase of 7.4 % in profit in the first half, higher than analysts, which the growth for them was once killed in areas such as Africa and Asia as well as cost savings. Beer sales sizes, however, decreased 1.2 %.

Analysts and investors have indicated Hynken’s warning that the folders will be softer than what was expected during the remaining period of the year, as the trade of US president Donald Trump is suspended in the Americas in the Americas. Price dispute with retailers in the meantime get rid of sales in Europe.

The company exports beer, especially beer bearing the same name, to the United States from Europe and Mexico, and has also suffered from the indirect impact on consumer confidence in the main markets such as Brazil.

Dolf Van Den Brink welcomed the certainty that the commercial deal delivered on Sunday, reduced the US tariff that was threatened by 30 % on the European Union goods to 15 % – a rate that still reaches the US heinken profits.

While some of the industry, such as soul makers, hope to obtain an exemption, this does not seem to be a possibility of beer.

He said that all options are considered to reduce the long -term tariffs, including manufacturing, but he added that such movements were dense capital and will first need more consistency in politics.

He told reporters in a call: “We look at all options from … Continue our current preparation, a more hybrid version, or otherwise,” he told reporters. “If we consider them financially more attractive in the medium to long -term, we will definitely explore them.”

Constant tariff fears, economic uncertainty

Heineken still faces a 30 % tariff on the products it produces in Mexico, unless the Mexican government is able to reach an agreement with Washington before a deadline on August 1.

Executive officials have told journalists that since the first quarter, Heinkin has also witnessed that economic uncertainty has reached spending and confidence in the United States, Brazil and Mexico.

In Mexico, transfers from the United States decreased significantly, affecting the sales of the beer industry. Van Den Bernk said consumers of Spanish origin were spending less.