Heineken Holding N.V. reports 2018 half year results
30 Julho 2018 - 2:23AM
Amsterdam, 30 July 2018 - Heineken Holding N.V. (EURONEXT: HEIO;
OTCQX: HKHHY) today announces:
- The net result of Heineken Holding N.V.'s participating
interest in Heineken N.V. for the first half year of 2018 amounts
to €480 million
- 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
- Full year expectations updated
FINANCIAL SUMMARY
Key financials1,2
(in mhl or € million unless otherwise stated) |
HY18 |
HY17 restated4 |
Totalgrowth % |
Organicgrowth % |
Net
revenue |
10,777 |
|
10,342 |
|
4.2 |
|
5.6 |
|
Net
revenue/hl (in €) |
82 |
|
90 |
|
(8.2 |
) |
1.1 |
Operating profit (beia) |
1,754 |
|
1,805 |
|
(2.9 |
) |
1.3 |
|
Operating profit (beia) margin |
16.3 |
% |
17.5 |
% |
-118 bps |
|
Net
profit (beia) |
1,076 |
|
1,036 |
|
3.8 |
8.9 |
|
Net
profit of Heineken Holding N.V. |
480 |
|
440 |
|
9.1 |
|
EPS
(in €) |
1.67 |
|
1.53 |
|
9.1 |
|
Free operating cash flow |
909 |
|
746 |
|
21.8 |
|
|
Net
debt/ EBITDA (beia)3 |
2.5 |
|
2.5 |
|
|
1 Consolidated figures are used throughout this report, unless
otherwise stated; please refer to the Glossary section for an
explanation of terms used throughout this report. A reconciliation
between non-GAAP measures and IFRS measures is included in note 5
on page 20.2 Organic growth is calculated using the last year
figures as baseline. Margin expansion is calculated using the last
year restated margin as baseline.3 Includes acquisitions and
excludes disposals on a 12 month pro-forma basis.4 Half year
results 2017 have been restated to reflect the impact of adopting
IFRS 15. Please refer to page 16 for more details.
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.
FULL YEAR 2018 OUTLOOK STATEMENT
- Economic conditions are expected to remain volatile and
HEINEKEN assumes a negative currency impact comparable to 2017 on
revenue and operating profit.
- Revenue growth is expected to continue and operating profit
growth to accelerate in the second half on an organic basis.
- HEINEKEN is updating its operating profit margin guidance for
the full year to a decrease of approximately 20 bps mainly due to
the following:
- A strong performance in Brazil with two effects: In the first
five months, the dilutive impact of the consolidation of Brasil
Kirin was higher than expected, and for the remainder of the year,
the marked acceleration of HEINEKEN's combined operations with an
operating margin still below group average plays negatively on the
mix.
- A higher than anticipated negative translational mix impact
from currencies, as it concentrates more in operating companies
with operating profit margins above the group average.
- Heineken expects an average interest rate (beia) broadly in
line with 2017 (2017: 3.0%), and an effective tax rate (beia) of
around 28% (2017: 27.6%).
- Capital expenditure related to property, plant and equipment
should be slightly above €2 billion (2017: €1.7 billion).
INTERIM DIVIDEND
According to the Articles of Association of Heineken Holding
N.V. bothHeineken Holding N.V. and Heineken N.V. pay an identical
dividend per share.In accordance with its dividend policy, HEINEKEN
fixes the interim dividend at 40% of the total dividend of the
previous year. As a result, an interim dividend of €0.59 per share
(2017: €0.54 per ordinary share of €1.60 nominal value) will be
paid on 9 August 2018. Both the Heineken Holding N.V. shares and
the Heineken N.V. shares will trade ex-dividend on 1 August
2018.
ENQUIRIES
Media Heineken Holding
N.V. |
|
Kees
Jongsma |
|
Tel: +31 6 54 79 82
53 |
|
E-mail:
cjongsma@spj.nl |
|
|
|
Media Heineken
N.V. |
|
John-Paul
Schuirink |
Michael
Fuchs |
Director of Global
Communication |
Financial Communication
Manager |
E-mail:
pressoffice@heineken.com |
Tel:
+31-20-5239355 |
|
|
Investors |
|
Federico
Castillo |
Chris MacDonald /
Aris Hernández |
Director of Investor
Relations |
Investor Relations
Manager / Analyst |
E-mail:
investors@heineken.com |
Tel:
+31-20-5239590 |
INVESTOR CALENDAR HEINEKEN N.V.
(events also accessible for Heineken Holding N.V.
shareholders)
Trading Update for Q3
2018 |
24 October 2018 |
Full Year 2018
Results |
13 February 2019 |
Conference call details
Heineken N.V. will host an analyst and investor conference call
in relation to its 2018 HY results today at 10:00 CET/ 9:00 BST.
This call will also be accessible forHeineken Holding N.V.
shareholders. The call will be audio cast live via the website:
www.theheinekencompany.com/investors/webcasts. An audio replay
service will also be made available after the conference call at
the above web address. Analysts and investors can dial-in using the
following telephone numbers:
Netherlands |
United Kingdom |
Local line: +31(0)20
703 8261 |
Local line: +44(0)330
336 9411 |
National free phone:
0800 265 9169 |
National free phone:
0800 279 7204 |
|
|
United States of
America |
|
Local line: +1 323 794
2588 |
|
National free phone:
888 394 8218 |
|
|
|
Participation/ confirmation code for all countries: 2371691 |
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 300 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 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 price-sensitive 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.
- Click here to open full media release..pdf
Heineken (EU:HEIO)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Heineken (EU:HEIO)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024