Heineken Holding N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
22 aug 2012 - 07:13
Statutory name
Heineken Holding N.V.
Title
Heineken Holding N.V. delivers solid revenue growth in the first half of 2012
Comments
Amsterdam, 22 August 2012 - Heineken Holding N.V. ("HEINEKEN") today announced:
The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half of 2012 turned out at €392 million;
Revenue rose 4.5% organically, driven by higher total consolidated volumes of 1.6% and revenue per hectolitre growth of 2.9%. Group beer volume rose 3.3% with increases in four out of five regions;
Heineken® volume grew by 6%, once again outperforming the international premium segment and the overall beer market;
EBIT (beia) increased 0.5% reflecting a positive contribution from acquisitions and a favourable currency impact. On an organic basis, EBIT (beia) decreased 5.5%, primarily due to planned capability building investments and higher input costs;
Net profit (beia) increased 1.6% and declined 4% on an organic basis. Reported net profit of Heineken N.V. increased 30% to €783 million, including a post-tax book gain of €131 million for the sale of a minority stake in a brewery in the Dominican Republic;
Total Cost Management (TCM2) programme delivered pre-tax savings of €85 million in the first half of 2012;
Targeted FEMSA cost synergies of €150 million achieved earlier than planned;
Free operating cash flow of €345 million was below the prior year period, primarily reflecting higher planned capital investments and investment in working capital due to business growth;
Interim dividend of €0.33 per ordinary share, an increase of 10% versus last year;
On 17 August 2012, HEINEKEN announced that it agreed a final offer and signed definitive agreements with Fraser & Neave (F&N) to acquire its entire effective interest in Asia Pacific Breweries Limited (APB) and the non-APB assets held by Asia Pacific Investment Pte Ltd (APIPL) for a total consideration of S$5.6 billion.