Heineken Holding N.V. reports 2017 third quarter Trading Update
25 Outubro 2017 - 4:02AM
Amsterdam, 25 October 2017 - Heineken Holding N.V. (EURONEXT:
HEIO; OTCQX: HKHHY) today announces its trading update for the
third quarter of 2017.
KEY HIGHLIGHTS
- Consolidated beer volume +2.5% organically, with growth in Asia
Pacific, Americas and Africa, Middle East & Eastern Europe
offsetting lower volume in Europe against tough comparatives.
- Heineken® volume +3.4% driven by Brazil, South Africa, Russia
and Mexico.
- Full year expectations unchanged.
Heineken Holding N.V. engages in no activities other than its
participating interest in Heineken N.V. and the management or
supervision of and provision of services to that company.
THIRD QUARTER AND NINE MONTHS VOLUME BREAKDOWN
Consolidated beer volume1 (in mhl or %) |
3Q17 |
Total growth % |
Organic growth % |
YTD 3Q17 |
Total growth % |
Organic growth % |
Consolidated beer volume |
60.0 |
|
11.1 |
|
2.5 |
|
161.3 |
|
6.8 |
|
2.5 |
|
Heineken®2 (in mhl or %) |
3Q17 |
Organic growth % |
YTD 3Q17 |
Organic growth % |
Heineken® |
9.5 |
|
3.4 |
|
26.8 |
|
3.7 |
|
Heineken® volume2 grew by 3.4% organically. Key
markets that contributed to this growth included Brazil, South
Africa, Russia and Mexico, which more than offset weaker volume in
the US, France, the Netherlands and China.
* HEINEKEN means Heineken Holding N.V., Heineken N.V., its
subsidiaries and interests in joint ventures and associates.1
Refer to the Definitions section for an explanation of organic
growth. 2 Heineken® volume is now total Heineken® volume including
the Netherlands.
REPORTED NET PROFIT OF HEINEKEN N.V.Reported net profit of
Heineken N.V. for the nine months was €1,486 million (2016: €1,239
million). In the nine months of 2016, reported net profit of
Heineken N.V. included an asset impairment of €233 million in the
Democratic Republic of Congo (DRC).
TRANSLATIONAL CURRENCY UPDATE Using spot rates as at 19
October 2017 for the remainder of this year, the calculated
negative currency translational impact would be approximately €185
million at consolidated operating profit (beia), and €75 million
impact at net profit (beia). Foreign exchange markets remain very
volatile.
ACQUISITION OF PUNCHOn 15 December 2016, HEINEKEN announced that
following Vine Acquisitions Limited's announcement of a recommended
cash offer for Punch Taverns plc ('Punch'), HEINEKEN through
HEINEKEN UK had agreed a back-to-back deal with Vine Acquisitions
to acquire Punch Securitisation A ('Punch A'), comprising
approximately 1,900 pubs across the UK. The transaction completed
on 29 August 2017.
The pubs acquired by HEINEKEN UK will be operated for six months
by Punch under a transitional services agreement, after which they
will be integrated into the existing Star Pubs & Bars business.
The transitional services agreement has no impact on Star's
existing licensees, who will continue to trade on a 'business as
usual' basis.
FINANCING UPDATE On 22 September 2017, HEINEKEN placed 12-year
Notes with a coupon of 1.50% for a principal amount of €800
million. The notes are issued under the Company's Euro Medium Term
Note Programme and are listed on the Luxembourg Stock Exchange. The
proceeds were used for general corporate purposes including the
refinancing of existing debts.
Following the completion of the acquisition of Punch
Securitisation A on 29 August 2017, HEINEKEN decided to terminate
the securitisation structure and has since repaid all outstanding
Punch A notes (notional amount €864 million) by 4 October 2017.
DEFINITIONS Organic growth excludes the effect of foreign
currency translational effects, consolidation changes, accounting
policy changes, exceptional items and amortisation of
acquisition-related intangibles.
ENQUIRIES
Media Heineken Holding
N.V. |
|
Kees
Jongsma |
|
tel. +31 6 54 79 82
53 |
|
E-mail:
cjongsma@spj.nl |
|
|
|
Media Heineken
N.V. |
Investors |
John-Paul
Schuirink |
Federico Castillo
Martinez |
Director of Global
Communication |
Director of Investor
Relations |
Michael
Fuchs |
Chris MacDonald /
Aris Hernández |
Corporate &
Financial Communication Manager |
Investor Relations Manager
/ Senior Analyst |
E-mail:
pressoffice@heineken.com |
E-mail:
investors@heineken.com |
Tel :
+31-20-5239355 |
Tel:
+31-20-5239590 |
Editorial information:HEINEKEN is the world's most international
brewer. It is the leading developer and marketer of premium beer
and cider brands. Led by the Heineken® brand, the Group has a
portfolio of more than 250 international, regional, local and
speciality beers and ciders. HEINEKEN is committed to innovation,
long-term brand investment, disciplined sales execution and focused
cost management. Through "Brewing a Better World", sustainability
is embedded in the business and delivers value for all
stakeholders. HEINEKEN has a well-balanced geographic footprint
with leadership positions in both developed and developing markets.
HEINEKEN employs over 80,000 employees and operates breweries,
malteries, cider plants and other production facilities in more
than 70 countries. Heineken N.V. and Heineken Holding N.V. shares
trade on the Euronext in Amsterdam. Prices for the ordinary shares
may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA
and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two
sponsored level 1 American Depositary Receipt (ADR) programmes:
Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX:
HKHHY). Most recent information is available on the website:
www.theHEINEKENcompany.com and follow HEINEKEN on Twitter via
@HEINEKENCorp.Heineken Holding N.V. engages in no activities other
than its participating interest in Heineken N.V. and the management
or supervision of and provision of services to that company.
Market Abuse Regulation: This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer: This press release contains forward-looking
statements with regard to the financial position and results of
HEINEKEN's activities. These forward-looking statements are subject
to risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors
that are beyond HEINEKEN's ability to control or estimate
precisely, such as future market and economic conditions, the
behaviour of other market participants, changes in consumer
preferences, the ability to successfully integrate acquired
businesses and achieve anticipated synergies, costs of raw
materials, interest-rate and exchange-rate fluctuations, changes in
tax rates, changes in law, change in pension costs, the actions of
government regulators and weather conditions. These and other risk
factors are detailed in HEINEKEN's publicly filed annual reports.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only of the date of this
press release. HEINEKEN does not undertake any obligation to update
these forward-looking statements contained in this press release.
Market share estimates contained in this press release are based on
outside sources, such as specialised research institutes, in
combination with management estimates.
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