Sentences with phrase «increasing currency headwinds»
The brewer maintained its full - year profit margin guidance but warned of «continued adverse economic conditions» in emerging markets, Africa in particular, as well as «increasing currency headwinds.»
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Net profit rose 17 percent to 542 million euros ($ 650 million), ahead analysts average forecast of 510 million euros as higher prices helped offset currency headwinds and an increase in marketing spending.
The company said Wednesday that its first - quarter numbers include a $ 22 million hit due to foreign currency headwinds while the cost of its revenues increased by 46 % year - over-year, to $ 679 million.