Heineken has reported weaker than expected third-quarter sales after volumes in Western Europe fell.
The brewer said like-for-like sales rose by 4% to €4.97bn during the quarter.
The best-performing regions were the Americas and Asia Pacific. Western Europe was the only region where sales fell - by 2.1%. Heineken said sales were hit by the planned withdrawal of a product in Finland and double-digit volume declines in Portugal.
In the UK, sales fell by low single digits because of low consumer spending in the on-trade.
Last month, Heineken won its battle to gain control of Tiger beer maker Asia Pacific Breweries in a €3.5bn deal.