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Heineken N.V.

Heineken N.V.

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Publicatie datum 21 apr 2010 - 08:04
Statutaire naam Heineken N.V.
Titel Heineken N.V. trading update first quarter 2010
Bericht Amsterdam, 21 April 2010 - Heineken N.V. today issued its trading update for the first quarter of 2010. • EBIT (beia) grew mid-single digit as the effect of cost savings, positive pricing and sales mix exceeded that of lower volume; • Reported EBIT was significantly higher, driven by an exceptional book gain of €142 million on the transfer of two Asian operations; • Revenue declined 3.5% to €2,936 million, due to changes in consolidation scope, whilst the effect of lower volume was partly offset by better pricing and sales mix improvement. Organically, revenue was 2.2% lower; • Volume of the Heineken brand in the international premium segment grew 6.7% to 5.7 million hectolitres; • Consolidated beer volume declined 5.3% organically, totalling 23.6 million hectolitres. An important factor was the volume decline in Russia; The first quarter of the year is the least significant in terms of volume and profitability. In 2009, the first quarter accounted for 20.5% of consolidated beer volume and 20.7% of revenue respectively.