Heineken Holding N.V. reports 2016 third quarter Trading Update
October 26 2016 - 2:08AM
Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) today
announces its trading update for the third quarter of 2016.
KEY
HIGHLIGHTS
- Consolidated beer volume +2.0% organically, with growth in
Americas, Asia Pacific and Europe offsetting weaker volume in
Africa Middle East & Eastern Europe
- Heineken® volume in the premium segment +3.5%
- Jean-François van Boxmeer to be nominated by the Supervisory
Board of Heineken N.V. for re-appointment as member of the Heineken
N.V. Executive Board at the 2017 AGM of Heineken N.V.
Heineken Holding N.V. engages in no activities other than its
participating interest in Heineken N.V. and the management or
supervision of and provision of services to that company. THIRD
QUARTER AND NINE MONTHS VOLUME BREAKDOWN
Key figures1 (in mhl or %) |
3Q16 |
Total growth % |
Organic growth % |
YTD 3Q16 |
Total growth % |
Organic growth % |
Consolidated beer
volume |
54.0 |
5.4 |
2.0 |
151.0 |
6.9 |
3.3 |
|
|
|
|
|
|
|
Heineken® (in mhl or %) |
3Q16 |
|
Organic growth % |
YTD 3Q16 |
|
Organic growth % |
|
|
|
|
|
|
|
Heineken® in premium
segment |
8.4 |
|
3.5 |
23.7 |
|
2.9 |
|
|
|
|
|
|
|
Heineken® volume in the premium segment grew by 3.5% with
positive volume development across all regions. Particularly strong
growth in China, South Africa and Brazil more than offset weaker
volume in US, Greece, Vietnam, and Russia.
1 Refer to the Definitions section for an explanation of organic
growth. REPORTED NET PROFIT OF HEINEKEN N.V. Reported net
profit of Heineken N.V. for the nine months was €1,239
million (2015:€1,776 million), including the asset impairment of
€233 million for the DRC announced with the HY results on
1 August 2016. In 2015 reported net profit included an
exceptional gain of €379 million from the sale of EMPAQUE.
TRANSLATIONAL CURRENCY UPDATE Assuming spot rates as of
20 October 2016 for the remainder of the year, the calculated
negative translational currency impact for 2016 would be
approximately €215 million at consolidated operating profit (beia),
and €115 million at net profit (beia). Foreign exchange markets
remain very volatile.
HEINEKEN N.V. EXECUTIVE BOARD COMPOSITION Under the
existing rotation schedule the current term of Mr. Jean-François
van Boxmeer as member of the Executive Board will expire at the end
of the Annual General Meeting of Heineken N.V. on 20 April
2017 (2017 AGM). The Supervisory Board of Heineken N.V. will submit
a non-binding nomination for his re-appointment for a further
period of four years at the 2017 AGM, and subject to this has
re-appointed Mr. van Boxmeer as Chairman of the Executive Board and
CEO.
DEFINITIONS Organic growth excludes the effect of foreign
currency translational effects, consolidation changes, accounting
policy changes, exceptional items and amortisation of
acquisition-related intangibles.
ENQUIRIES
Media Heineken Holding
N.V. |
|
|
Kees Jongsma |
|
|
Tel: +31-654 79 82 53 |
|
|
E-mail:
cjongsma@spj.nl |
|
|
|
|
|
Media Heineken N.V. |
|
Investors |
John Clarke |
|
Sonya Ghobrial |
Director of External Communication |
|
Director of Investor
Relations |
Michael Fuchs |
|
Marc Kanter / Gabriela
Malczynska |
Financial Communications Manager |
|
Investor Relations Manager / Senior Analyst |
E-mail:
pressoffice@heineken.com |
|
E-mail:
investors@heineken.com |
Tel: +31-20-5239355 |
|
Tel: +31-20-5239590 |
Editorial information: HEINEKEN* is the world's most
international brewer. It is the leading developer and marketer of
premium beer and cider brands. Led by the Heineken® brand, the
Group has a powerful portfolio of more than 250 international,
regional, local and specialty beers and ciders. HEINEKEN is
committed to innovation, long-term brand investment, disciplined
sales execution and focused cost management. Through "Brewing a
Better World", sustainability is embedded in the business and
delivers value for all stakeholders. HEINEKEN has a well-balanced
geographic footprint with leadership positions in both developed
and developing markets. HEINEKEN employs approximately 73,000
people and operates 167 breweries, malteries, cider plants and
other production facilities in more than 70 countries. Heineken
N.V. and Heineken Holding N.V. shares trade on the Euronext in
Amsterdam. Prices for the ordinary shares may be accessed on
Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters
under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1
American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX:
HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent
information is available on the website: www.theHEINEKENcompany.com
and follow HEINEKEN via @HEINEKENCorp.
Heineken Holding N.V. engages in no activities other than its
participating interest in Heineken N.V. and the management or
supervision of and provision of services to that company.
* HEINEKEN means Heineken Holding N.V., Heineken N.V., its
subsidiaries and interests in joint ventures and associates.
Market Abuse Regulation This press release contains inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer: This press release contains forward-looking
statements with regard to the financial position and results of
HEINEKEN's activities. These forward-looking statements are subject
to risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors
that are beyond HEINEKEN's ability to control or estimate
precisely, such as future market and economic conditions, the
behaviour of other market participants, changes in consumer
preferences, the ability to successfully integrate acquired
businesses and achieve anticipated synergies, costs of raw
materials, interest-rate and exchange-rate fluctuations, changes in
tax rates, changes in law, change in pension costs, the actions of
government regulators and weather conditions. These and other risk
factors are detailed in HEINEKEN's publicly filed annual reports.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only of the date of this
press release. HEINEKEN does not undertake any obligation to update
these forward-looking statements contained in this press release.
Market share estimates contained in this press release are based on
outside sources, such as specialised research institutes, in
combination with management estimates.
Click here to open full media release
http://hugin.info/136154/R/2051407/767555.pdf
Heineken (EU:HEIO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Heineken (EU:HEIO)
Historical Stock Chart
From Sep 2023 to Sep 2024