COGNICURRENT

Sales of beer are declining, leading to layoffs at breweries such as Heineken, amid changing consumer behaviors, particularly among younger generations.

Heineken announced plans to cut between 5,000 and 6,000 jobs as part of a strategy to address declining beer consumption.

Saku Brewery maintained its sales volume from the previous year, thanks to increased exports, despite a 4% decline in the domestic market.

Carlsberg reports an 18.8% increase in revenue to 89.1 billion kr., attributed to its acquisition of the British beverage company Britvic, although overall profits have declined significantly.