Amsterdam, 22 April 2020 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today publishes
its trading update for the first quarter of 2020.
- Beer volume -2.1% organically for the quarter.
- Heineken® volume +5.0% in the quarter.
- March volume significantly impacted by Covid-19.
Jean-François van Boxmeer, Chairman of the Executive Board / CEO, commented:
«During the first quarter of 2020, the Covid-19 outbreak has evolved into a pandemic. By now,
most countries where we operate have reacted by taking far-reaching containment measures
such as restrictions of movement for populations and outlet closures, sometimes combined with
the mandatory lockdown of production facilities. Our performance for the first quarter reflects
the initial impact of those measures, and volumes in March were obviously heavily affected.
In these very trying times, our thoughts remain with all those affected by Covid-19 and the
people working tirelessly to care for them. In addition to our actions with local communities
which are now approaching a value of €5 million, on April 8th we announced our decision to
donate €15 million to the International Red Cross and I am pleased to report that the de
Carvalho-Heineken family together with their holding company will donate €10 million to eight
charities providing support to communities most affected and fragile, to medical health systems
and to medical research.
HEINEKEN has entered the crisis with strong brands and a strong balance sheet. In the past few
weeks we have taken necessary measures to reduce our costs, secure additional financing and
adapt to the fast changes we see in our markets.
I am proud of the leadership, the commitment and the courage of our teams and I fully trust
their talent, creativity and energy to steer HEINEKEN through this unprecedented situation and
protect as well as develop our brands and businesses.»