Heineken NV 1st Half Net Profit Topped Markets Views; Raises Dividend
01 Agosto 2022 - 3:13AM
Dow Jones News
By Michael Susin
Heineken NV said Monday that net profit for the first half rose
on the back of action to mitigate inflationary pressures on its
cost base, and that it affirmed its forecast for 2022 and changed
its guidance for 2023.
The Dutch brewer said it now expects for 2023 adjusted operating
profit organic growth--which strips out exceptional and other
one-off items--in the range of mid- to high-single digits.
For 2022, the company backed its guidance to achieve a
stable-to-modest sequential improvement in adjusted operating
profit margin.
The company reported net profit for the half year of 1.27
billion euros ($1.30 billion), compared with EUR1.03 billion a year
earlier. Net profit had been expected to come in at EUR1.11
billion, according to two analysts' estimates taken from
FactSet.
The company said beia net profit--one of the company's preferred
metrics--rose 40% to EUR1.33 billion. Beia stands for before
exceptional items and amortization of acquisition-related
intangible assets.
Net revenue for the period rose to EUR13.49 billion from
EUR10.01 billion, and was also higher than the consensus forecast
of EUR12.85 billion based on five analysts' estimates taken from
FactSet.
The brewer said volume for the Heineken brand rose 13.8%
organically on year.
The board has declared an interim dividend of 50 European cents,
up from 28 European cents a year earlier.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
August 01, 2022 01:58 ET (05:58 GMT)
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