Heineken, the world's third largest brewer, reported higher than expected 2012 profit on Wednesday on the back of sharply higher earnings from Africa and the Americas and forecast higher volumes and revenue this year.
Europe's largest beer maker said net profit before one-offs rose 1.6 percent on a like-for-like basis to 1.70 billion euros ($2.29 billion), above the average expectation in a Reuters poll of 1.65 billion euros.
Heineken had previous forecast flat net profit for 2012.
The brewer, which makes Europe's best selling lager Heineken, along with Tiger, Sol and Strongbow, said it expected continued volume and revenue growth this year.
"The higher growth regions of Africa, Latin America and Asia Pacific are expected to more than offset volume weakness in European markets affected by continued economic uncertainty and government-led austerity measures," it said.