FDBusiness.com

Interim Revenue and Profit Growth at Heineken

 Breaking News
  • New Chief Executive For Tate & Lyle Tate & Lyle, a global provider of ingredients and solutions to the food, beverage and other industries, with operations in over 30 locations worldwide, has appointed Nick Hampton as Chief Executive with effect from 1 April 2018. Nick Hampton is currently Chief Financial Officer and a Board member of Tate & Lyle. Nick Hampton succeeds Javed [...]...
  • Müller Direct Next Generation Müller, Britain’s biggest producer of branded and private label fresh milk, butter, yogurt, desserts and dairy ingredients, has announced a new initiative to help ambitious young farmers build vibrant dairy businesses for the future. Müller will initially work closely with a group of approximately 25 Müller Direct young farmers who have the potential to create [...]...
  • New Geographical Indication From the Netherlands The Commission has approved the addition of a new product from The Netherlands to the quality register of Traditional Speciality Guaranteed (TSG). ‘Suikerstroop’ is dark brown syrup made of the syrupy liquid left behind during the production of sugar from sugar beet or sugar cane. It has a sweet taste due to its large sugar content (at [...]...
  • Firmenich Extends Capability to Design Innovative and Sustainable Natural Ingredients Firmenich has established an exclusive partnership with Blue Marble Biomaterials, a leading US biotechnology company specialized in natural and sustainable ingredients. With this partnership Firmenich gains direct access to key expertise, from biomimicry to non-GM fermentation, enabling the design of innovative and sustainable natural ingredients for the food, beverage and flavor industries. “At Firmenich, we are committed to [...]...
  • Tetra Pak Pledges Support For EU Plastics Strategy Tetra Pak has pledged to support the European Commission’s Plastics Strategy, announced as part of the EU Action Plan for a Circular Economy. The company will: Work with industry partners to ensure that by 2030, recycling solutions are in place for all components of beverage cartons so they can be fully recycled across Europe; Substantially increase the use [...]...

Interim Revenue and Profit Growth at Heineken

Interim Revenue and Profit Growth at Heineken
August 23
11:02 2012

Heineken has reported a 4.5% organic increase in revenue to Eur8.8 billion for the first half of 2012, driven by higher total consolidated volumes up 1.6% and revenue per hectolitre growth of 2.9%. Group beer volume rose 3.3% with increases in four out of the global brewer’s five regions. Reported net profit increased 30% to Eur783 million but included a post-tax book gain of Eur131 million for the sale of a minority stake in a brewery in the Dominican Republic. Net profit (beia) declined 4% on an organic basis.

Heineken’s ongoing Total Cost Management (TCM2) programme delivered pre-tax savings of Eur85 million in the first half of 2012. Despite this benefit, profitability in the first half of the year was impacted by difficult trading conditions across Europe as well as higher input costs and planned capability investments.

Jean-Francois van Boxmeer, chairman and chief executive of Heineken, comments: “Our focus on delivering top-line growth continues to be successful with revenue increases across all regions and market share gains in several of our key markets. The Heineken brand again performed strongly in the international premium segment with organic volume growth of 6%. “Our Africa & the Middle East, Asia Pacific and Americas regions all delivered an excellent top- and bottom-line performance.”

He continues: “Although faced with a challenging economic environment and unfavourable weather, revenue in Western Europe increased slightly in the first half of the year, whereas the Central & Eastern Europe region reported solid organic top-line growth.”

Heineken expects overall group revenues for the full year to benefit from continued positive momentum in higher growth economies across the Asia Pacific, Africa & the Middle East and the Americas regions. However, volume in Western Europe is expected to remain subdued in the second half of 2012 owing to the challenging economic conditions. Full year net profit (beia) is expected to be broadly in line with last year, on an organic basis.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 17, 2018Anfas Food Product
  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements