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Heineken Delivers 5.9% Operating Profit In Half-Year Results

Heineken NV has posted an operating profit of 5.9% according to its 2017 half-year results published today (31 July).

Its organic revenue showed an increase of 5.7% organically, with a 2.3% increase in total volume and a 3.4% increase in revenue per hectolitre,

"We delivered strong results in the first half year, with all four regions contributing positively to organic growth in volume, revenue and operating profit." Jean-François van Boxmeer, CEO, Chairman of the Executive Board, said.

Other highlights includes consolidated beer volume +2.6% with growth in all regions.

He attributed this to a 'well-balanced global footprint, sustained investment in its beer and cider brands, market leading innovations and a focus on premiumisation continue to differentiate its strategy and underpin its progress'.

The brewer said, that growth was particularly strong in South Africa following the successful Strongbow launch at the end of 2016, as well as in Ireland, Vietnam and the Netherlands.

Looking ahead, it highlighted that its full-year target remains unchanged.

"Whilst economic conditions are likely to remain volatile, our expectations for the full year are unchanged." Van Boxmeer added.

© 2017 - Checkout Magazine by Donna Ahern

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