Heineken N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
25 aug 2010 - 07:08
Statutory name
Heineken N.V.
Title
Heineken N.V. achieves 17% organic net profit (beia) growth for 2010 half-year
Comments
Amsterdam, 25 August 2010 - Heineken N.V. today announced:
• Net profit (beia) increased 17% organically, driven by higher EBIT (beia) and lower interest expense and amounted to €621 million;
• Net profit increased 42% to €695 million partly due to positive exceptional items;
• Strong free operating cash flow generation at €699 million, up from €383 million, positively impacted net debt and interest charges;
• Organic EBIT (beia) growth of 5.7% as a result of €104 million savings from Total Cost Management programme, improved margins per hectolitre and the strong performance of Heineken’s joint ventures, offsetting lower volume and higher marketing investments;
• Heineken® volume in the international premium segment outperformed the overall portfolio and grew 4.1%;
• Group beer volume decreased 2.3% organically impacted by the weak economic environment and the effect of excise duty increases, partly offset by strong growth in Africa, Asia and Latin America;
• Heineken expects the organic increase in net profit (beia) for the full year 2010 to be at least in low double digits.
• Integration of FEMSA Cerveza makes good progress and is on track;
• Interim dividend of €0.26 per share (2009: €0.25)
Date last update: 18 July 2025