Heineken Nine-Month Net Profit Rises 20%; Backs 2017 Guidance
25 Outubro 2017 - 5:00AM
Dow Jones News
By Ian Walker
Heineken Holding NV (HEIO.AE) announced on Wednesday a 20% rise
in reported net profit for the first nine months of the year, and
backed its full-year guidance.
The world's second-largest brewer by sales made a net profit of
1.49 billion euros ($1.75 billion) for the period ended Sept. 20
compared with EUR1.24 billion a year earlier.
Consolidated beer sales rose 2.5% on an organic basis to 60
million hectoliters in the third quarter, taking the total for the
nine months to 161.3 million hectoliters. It said growth in Asia
Pacific, Americas and Africa, Middle East & Eastern Europe
offset lower volume in Europe against tough comparatives.
Heineken brand sales rose 3.4% to 9.5 million hectoliters,
taking the total for the whole period to 26.8 million hectoliters,
driven by Brazil, South Africa, Russia and Mexico.
The company, which gets about two thirds of its profit from
emerging markets, said that its full-year expectations remain
unchanged.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
October 25, 2017 02:45 ET (06:45 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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