Heineken N.V.
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Publicatie datum
26 aug 2009 - 07:52
Statutaire naam
Heineken N.V.
Titel
Heineken N.V. announces 2009 half-year organic net profit (beia) growth of 12%
Bericht
Heineken N.V. announces 2009 half-year organic net profit (beia) growth of 12%
EUR531 million improvement in Free Operating Cash Flow
Amsterdam, 26 August 2009 - Heineken N.V. today announced:
• Strong organic net profit (beia) growth of 12%, despite lower volumes, driven by robust pricing and cost reductions. Net profit (beia) amounted to EUR483 million, diluted by financing costs related to acquisitions;
• Net profit 20% higher at EUR489 million due to organic growth and an exceptional gain on the purchase of Globe notes and bank debt;
• Organic EBIT (beia) growth of 13% to EUR993 million;
• UK performance encouraging driven by market share gains, sound pricing and cost reductions;
• EUR50 million of cost savings from Total Cost Management programme; equates to annualised savings of EUR120 million;
• Free Operating Cash Flow of EUR383 million, EUR531 million more than prior year; net debt/EBITDA (beia) ratio improved to 3.1x (year-end 2008: 3.3x)
• Heineken® volume in the international premium segment outperformed overall portfolio;
• Heineken expects organic net profit (beia) growth for the full year of 2009 to be at least high single-digit;
• Interim dividend of EUR0.25 per share.
Key figures
2009 HY 2008 HY Change Organic growth
(mhl) (mhl)
Group beer volume 78.0 76.0 2.7% -5.6%
Consolidated beer volume 60.8 58.6 3.8% -6.6%
Heineken® premium volume 12.3 12.9 -4.7%
(EUR m) (EUR m)
Revenue 7,147 6,411 11% -0.4%
EBIT 925 772 20%
EBIT (beia) 993 925 7.4% 13%
Net Profit 489 407 20%
Net Profit (beia) 483 540 -10% 12%
Free Operating Cash Flow 383 (148)
(EUR) (EUR)
Diluted EPS 1.00 0.83 20%
Diluted EPS (beia) 0.99 1.10 -10%
CEO Statement
Jean-François van Boxmeer, Chairman of the Executive Board and CEO, commented:
“This has been a strong first half performance, confirming that our value strategy is delivering results. The strength of our brand portfolio has ena
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Datum laatste update: 27 juli 2024