Heineken posts 3.8% rise in revenue for the half year


Heineken N.V. said its gross revenue for the half year rose by 3.8% to EUR10.4 billion compared to EUR10 billion disclosed same period last year.

The report shows that Americas and Africa Middle East & Eastern Europe reported organic volume growth in this period after a decrease in the first quarter. Revenue per hectolitre was up organically for the first half across all regions apart from Asia Pacific due to adverse brand mix.

Jean-François van Boxmeer, CEO, Chairman of the Executive Board, said: “We delivered strong results in the first half year, with all four regions contributing positively to organic growth in volume, revenue and operating profit. Europe delivered a good performance, momentum remained strong in Americas and Asia Pacific, and results improved in Africa Middle East & Eastern Europe despite continued difficult market conditions.”

He added that “A well-balanced global footprint, sustained investment in our beer and cider brands, market leading innovations and a focus on premiumisation continue to differentiate our strategy and underpin our progress. During the period we also completed the acquisitions of Brasil Kirin and Lagunitas. Whilst economic conditions are likely to remain volatile, our expectations for the full year are unchanged.”

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