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Heineken Holding N.V.

Heineken Holding N.V.

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Publicatie datum 20 aug 2014 - 07:04
Statutaire naam Heineken Holding N.V.
Titel Heineken Holding N.V. reports 2014 half year results
Bericht Strong organic revenue and profit growth Amsterdam, 20 August 2014 - Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) today announced: The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2014 turned out at €316 million; Group revenue +4.6% organically with revenue per hectolitre up 1.5%; Group beer volume +3.1% driven by growth in Africa Middle East, the Americas and Western Europe and an improved performance trend in Q2 in Asia Pacific; Heineken® premium volume +6.6% reflecting strong performance in key markets; Innovation rate accelerated to 7.4%, contributing €682 million of revenues; Group operating profit (beia) +13% organically; Group operating margin up 130 bps; €141 million of pre-tax Total Cost Management2 (TCM2) cost savings delivered in H1 2014; 3-year TCM2 target of €625 million reached ahead of schedule; Net profit (beia) of €772 million, up 19% organically; diluted EPS (beia) Heineken N.V. +14%; Targeting year-on-year improvement in consolidated operating profit (beia) margin of around 40bps in the medium term; expected to be above this target level in 2014. FINANCIAL SUMMARY