The Netherlands’ brewer, Grolsch, is maintaining its 2003 outlook despite a profit warning by rival Heineken, according to Reuters. A Grolsch’s spokesman said: "The situation is different for us than for Heineken or Interbrew."

Grolsch expects to match its 2002 sales volume in 2003 of more than 3 million hl. "We are more dependent on the Dutch home market, and in the United States, Grolsch is mainly present in the home consumption market and not in the on-trade segment like Heineken. So we are in the better part of the market there," the spokesman said. "At the start of the year we were also more cautious than Heineken and at the moment we see no reason to communicate any change in our outlook," he added.

25 June, 2003