HEIO Heineken Holdings

By Ian Walker

Heineken Holding N.V. (HEIO.AE) on Wednesday reported a 1.7% fall in net profit for 2018 and said it expects the environment to remain uncertain and volatile.

The world's second-biggest brewer said consolidated beer volumes grew 4.2% with growth in all regions, while Heineken-brand volumes grew 7.7%--the brand's best in over a decade.

Heineken made a net profit for the year of 1.90 billion euros ($2.15 billion), compared with EUR1.94 billion a year earlier, on revenue that rose to EUR22.47 billion from EUR21.61 billion and against consensus forecasts of EUR22.49 billion, according to figures taken from the company's website and based on data compiled by Vuma.

The Dutch brewer made an adjusted operating profit--its preferred metric which strips out exceptional and other one-off items--of EUR3.87 billion, compared with EUR3.76 billion in 2017 and consensus forecasts of EUR3.84 billion, also taken from the company's website.

It said adjusted operating profit for 2019 is expected to grow by mid-single digits on an organic basis.

The board declared a final dividend of EUR1.01 a share, taking the total payout for the year to EUR1.60 from EUR1.47 in 2017.

Adjusted operating profit margins fell 17 basis points to 17.2%, which the company attributed to the first-time consolidation of Brazil, rising input costs and currency hits.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

February 13, 2019 01:38 ET (06:38 GMT)

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