Heineken suffering through disappointing 2020

Heineken expects to make a net loss of €300 million in the second quarter of the year, after reducing the value of its assets to €550 million during the coronavirus pandemic. In the first half of the year, sales fell 16.4 percent, with beer sales falling 11.5 percent thanks in part to lower prices.

Having suffered through the closure of cafes, bars and restaurants in April, the company experienced a certain recovery in the past month. The biggest drop in sales has taken place in America, Africa, the Middle East and Eastern Europe.