Heineken N.V.
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Publicatie datum
20 apr 2011 - 08:03
Statutaire naam
Heineken N.V.
Titel
Heineken N.V. Trading Update – First Quarter 2011
Bericht
Amsterdam, 20 April 2011 – Heineken N.V. today announced its trading update for the first quarter of 2011.
• Consolidated beer volume grew 44% to 33.8 million hectolitres, due to the first time consolidation of the beer operations of FEMSA and an organic volume increase of 5.5%. All regions contributed to the organic growth;
• Volume of the Heineken® brand in the international premium segment grew 5.7%, reaching 6 million hectolitres;
• Revenue increased 22% reflecting organic growth of 3.6%, the benefit of consolidation scope changes and favourable exchange rate movements;
• EBIT (beia) grew by over 20% on an organic basis, driven by higher volume and the realisation of ongoing cost savings;
• Organically, net profit (beia) increased substantially due to higher EBIT and lower interest expenses.
The first quarter is seasonally less significant in terms of volume and profit contribution. In 2010, the first quarter represented 19% of consolidated beer volume and considerably less in terms of profit contribution.
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