HEIO Heineken Holdings

   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)

Heineken (EU:HEIO)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Heineken (EU:HEIO)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024