Amsterdam, 30 July 2018 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today announces:

  • Organic revenue +5.6% with revenue per hectolitre +1.1%
  • Consolidated beer volume +4.5%
  • Heineken® volume +7.5%
  • Operating profit (beia) +1.3% organically and operating profit (beia) margin -118 bps (-76 bps excluding Brasil Kirin)
  • Net profit (beia) of €1,076 million, +8.9% organically
  • Diluted EPS (beia) of €1.89 (2017: €1.82)
  • Full year expectations updated

 

CEO STATEMENT

 

Jean-François van Boxmeer, Chairman of the Executive Board and CEO, commented:

 «Top line came in strong in the first half, with organic net revenue growth across all regions. Europe was back to growth in the second quarter whilst the other regions maintained their positive momentum. The Heineken® brand grew strongly by 7.5%. Operating profit margin was lower than last year mainly due to the consolidation of Brasil Kirin, adverse currency effects and higher input costs.

 In the second half, we expect a continuation of our revenue growth and an acceleration of our operating profit growth on an organic basis. We continue to invest steadily behind our brands, innovations, e-commerce platforms and commercial strategy. For the full year, given the marked acceleration of our business in Brazil with margins still below group average and the negative impact from currencies, we now expect the operating profit margin to decrease by approximately 20 bps.»

Read more: HY PR 2018 Heineken NV