Heineken Nine-Month Net Profit Rose 8.1%; Backs Full-Year View
24 Outubro 2018 - 3:48AM
Dow Jones News
By Adria Calatayud
Heineken Holding NV (HEIO.AE) said Wednesday that net profit for
the first nine months of 2018 rose 8.1%, and backed full-year
expectations.
The world's second-biggest brewer made a net profit of 1.61
billion euros ($1.84 billion) for the first nine months compared
with EUR1.49 billion a year earlier.
In the third quarter, total consolidated beer volumes grew 4.4%,
Heineken said.
The brewer said third-quarter organic beer volume grew 4.6%,
with growth across all regions. This was ahead of a
company-provided consensus forecast of 4.3%.
Heineken said it benefited from good weather in Europe and
strong growth in Brazil, Mexico, Vietnam and South Africa. Beer
volume in the U.S. was broadly flat, the company said.
Heineken said full-year expectations remain unchanged. In July,
the company said operating margin for the year was expected to
decline by 20 basis points due to currency effects and
bigger-than-expected dilution from its acquisition last June of
Kirin's beer-and-soft drinks business in Brazil.
Previously, the company had anticipated operating margins to
expand by 25 basis points for 2018.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 24, 2018 02:33 ET (06:33 GMT)
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