Heineken Holding N.V. reports on 2019 first quarter trading
24 Abril 2019 - 3:02AM
Amsterdam, 24 April 2019 - Heineken Holding N.V. (EURONEXT:
HEIO; OTCQX: HKHHY) today publishes its trading update for the
first quarter of 2019.
KEY HIGHLIGHTS
- Beer volume +4.3% organically, with growth in all regions.
- Heineken® volume +8.3% with double digit growth in Africa,
Middle East & Eastern Europe and the Americas.
- HEINEKEN's outlook for 2019 remains 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.
FIRST QUARTER VOLUME BREAKDOWN
Beer volume1 (in mhl or %) |
1Q19 |
Total growth % |
Organic growth % |
1Q18 |
Consolidated beer volume |
52.7 |
|
4.4 |
|
4.3 |
|
50.5 |
|
Heineken® volume1 (in mhl or %) |
1Q19 |
Organic growth % |
Heineken N.V. |
8.9 |
|
8.3 |
|
Heineken® volume grew by 8.3%. The main markets
contributing with double digit growth included Brazil, South
Africa, Russia, China, the UK, Nigeria, Mexico, Romania and
Germany.
1 Refer to the Definitions section for an explanation of
organic growth and updated volume definitions.
REPORTED NET PROFIT OF HEINEKEN N.V.
Reported net profit of Heineken N.V. for the first three months
of 2019 was €299 million (2018: €260 million).
TRANSLATIONAL CURRENCY UPDATE
Using spot rates as of 17 April 2019 for the remainder of this
year, the calculated positive currency translational impact would
be approximately €80 million at operating profit level (beia) and
€50 million at net profit level (beia).
DEFINITIONS
Beer VolumeBeer volume produced and sold by consolidated
companies.
Non-Beer VolumeCider, soft drinks and other non-beer
volume produced and sold by consolidated companies.
Third Party Products VolumeVolume of third party products
(beer and non-beer) resold by consolidated companies.
Total Consolidated VolumeThe sum of Beer Volume, Non-Beer
Volume and Third Party Products Volume.
HEINEKEN or "the Group"Heineken Holding N.V., Heineken
N.V., its subsidiaries and interests in joint ventures and
associates.
Organic GrowthOrganic growth in volume excludes the
effect of consolidation changes.
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 |
José Federico Castillo
Martinez |
Director of Global
Communication |
Director of Investor
Relations |
Michael Fuchs |
Aris Hernandez |
Corporate &
Financial Communication Manager |
Investor Relations 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 300 international, regional, local and
specialty 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. HEINEKEN has a well-balanced
geographic footprint with leadership positions in both developed
and developing markets. HEINEKEN employs over 85,000 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 RegulationThis 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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