Heineken N.V. reports on 2022 third-quarter trading
26 Outubro 2022 - 3:00AM
Heineken N.V. reports on 2022 third-quarter trading
Amsterdam, 26 October 2022 – Heineken N.V.
(EURONEXT: HEIA; OTCQX: HEINY) publishes its trading update
for the third quarter of 2022.
- Revenue growth 27.5%
- Net revenue (beia)
organic growth 19.8%; net revenue (beia) per hectolitre organic
growth 11.1%
- Beer volume organic
growth 8.9%; premium volume organic growth 15.0%
- Heineken® volume
growth 11.3%
- 2022 full year
expectations unchanged
Dolf van den Brink, Chairman of the Executive Board /
CEO, commented:"Our business delivered solid results in
the third quarter across all regions, and in particular Asia
Pacific has had a strong post-COVID recovery. Our EverGreen
transformation continues and is delivering. Our premium portfolio
outperformed, led by Tiger and Heineken®, including the roll-out of
Heineken® Silver.
We maintain our efforts to price responsibly offsetting input
cost inflation. We are well underway to deliver €1.7 billion gross
savings on our productivity programme by the end of this year,
while continuing to invest behind our brands and capabilities.
We increasingly see reasons to be cautious on the macroeconomic
outlook, including some signs of softness in consumer demand. We
remain vigilant and confident in our EverGreen strategy. Our full
year expectations are unchanged."
For the first nine months of the year, revenue
was €25,816 million (2021: €19,354 million). Net revenue
(beia) was €21,273 million (2021: €16,000 million),
increasing organically by 22.6%. Currency translation positively
impacted net revenue (beia) by €1,168 million or 7.3%, mainly
driven by the Brazilian Real, the Mexican Peso and the Vietnamese
Dong. The consolidation of United Breweries Limited (UBL) in India
positively impacted net revenue (beia) by €564 million or 3.5%.
In the third quarter, revenue was €9,415
million (2021: €7,383 million). Net revenue (beia)
grew organically by 19.8% and came to €7,788 million (2021: €6,029
million), benefitting from the sharp post-COVID recovery in Asia
Pacific. Total consolidated volume grew 7.6% and net revenue (beia)
per hectolitre was up 11.1%. Price mix on a constant geographic
basis was up 13.2%, driven by pricing to mitigate inflationary
pressure and premiumisation effects.
Throughout the rest of this report, figures refer to quarterly
performance unless otherwise indicated.
Revenue1 |
|
|
|
|
|
|
(in €
million or %) |
3Q22 |
Total growth |
Organic growth |
YTD 3Q22 |
Total growth |
Organic growth |
Revenue (IFRS) |
9,415 |
27.5% |
|
25,816 |
33.4% |
|
Net revenue (beia) |
7,788 |
|
19.8% |
21,273 |
|
22.6% |
Beer volume grew 8.9% organically versus last
year and came 1.4% ahead of 2019 on an organic basis. The year on
year growth was mainly driven by the strong recovery in Asia
Pacific from the COVID-related restrictions of last year. Europe,
the Americas and Africa, Middle East & Eastern Europe saw a
low-single digit growth.
Beer volume |
|
|
|
|
|
|
(in mhl
or %) |
3Q22 |
Total growth |
Organic growth |
YTD 3Q22 |
Total growth |
Organic growth |
Heineken N.V. |
66.8 |
10.9% |
8.9% |
193.6 |
13.9% |
8.1% |
Africa, Middle East & Eastern Europe |
9.8 |
2.1% |
2.6% |
29.5 |
2.4% |
3.2% |
Americas |
21.9 |
3.4% |
3.4% |
64.7 |
5.3% |
5.3% |
Asia Pacific |
11.2 |
89.6% |
68.4% |
35.8 |
83.6% |
32.6% |
Europe |
23.8 |
1.4% |
1.3% |
63.7 |
5.5% |
5.3% |
Media |
|
Investors |
Sarah
Backhouse |
|
José
Federico Castillo Martinez |
Director of
Global Communication |
|
Director of
Investor Relations |
Michael
Fuchs |
|
Mark
Matthews / Robin Achten |
Corporate &
Financial Communication Manager |
|
Investor Relations
Manager / 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 and non-alcoholic 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. With
HEINEKEN’s over 85,000 employees, we brew the joy of true
togetherness to inspire a better world. Our dream is to shape the
future of beer and beyond to win the hearts of consumers. We are
committed to innovation, long-term brand investment, disciplined
sales execution and focused cost management. Through "Brew 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. We operate breweries,
malteries, cider plants and other production facilities in more
than 70 countries. Most recent information is available on our
Company's website and follow us on LinkedIn, Twitter and
Instagram.
Market Abuse Regulation
This press release contains 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,
developments in the ongoing COVID-19 pandemic and related
government measures, 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.
1 Refer to the Glossary for an explanation of organic growth and
other terms used throughout this report.
- Heineken NV Q3 2022 Trading Update (26_10_2022).pdf
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