Heineken Nine-Month Net Profit Rose 4.4%

Date : 10/23/2019 @ 6:42AM
Source : Dow Jones News
Stock : Heineken N.v. (QX) (HEINY)
Quote : 51.395  -0.555 (-1.07%) @ 8:59PM

Heineken Nine-Month Net Profit Rose 4.4%

Heineken (EU:HEIA)
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   By Adria Calatayud 
 

Heineken NV (HEIA.AE) said Wednesday that net profit for the first nine months of 2019 rose 4.4%, and guided for organic operating growth of around 4% for the full year.

The Amsterdam-based brewer--which also owns the Sol, Birra Moretti and Tiger beer brands--made a net profit of 1.67 billion euros ($1.86 billion) for the nine months to Sept. 30 compared with EUR1.60 billion in the year-earlier period.

Consolidated beer volume rose 2.3% on an organic basis in the third quarter, as double-digit growth in Asia Pacific offset declining volumes in the Americas, Heineken said. Quarterly volumes of Heineken branded beer were up 7.4%, the company said.

The world's second-largest brewer had previously guided for mid-single-digit organic growth in operating profit in 2019.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

October 23, 2019 02:27 ET (06:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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