Edition:
United Kingdom

Heineken H1 Net Profit Up At 950 Million Euros


Monday, 30 Jul 2018 

July 30 (Reuters) - Heineken Nv ::REG-HEINEKEN N.V. REPORTS 2018 HALF YEAR RESULTS.FULL YEAR EXPECTATIONS UPDATED.ORGANIC REVENUE +5.6% WITH REVENUE PER HECTOLITRE +1.1%.H1 ORGANIC REVENUE +5.6% WITH REVENUE PER HECTOLITRE +1.1%.IN SECOND HALF, WE EXPECT A CONTINUATION OF OUR REVENUE GROWTH AND AN ACCELERATION OF OUR OPERATING PROFIT GROWTH ON AN ORGANIC BASIS.H1 CONSOLIDATED BEER VOLUME +4.5%.FOR FY ECONOMIC CONDITIONS ARE EXPECTED TO REMAIN VOLATILE AND WE ASSUME A NEGATIVE CURRENCY IMPACT COMPARABLE TO 2017 ON REVENUE AND OPERATING PROFIT..H1 HEINEKEN® VOLUME +7.5%.FOR FY REVENUE GROWTH IS EXPECTED TO CONTINUE AND OPERATING PROFIT GROWTH TO ACCELERATE IN SECOND HALF ON AN ORGANIC BASIS..H1 OPERATING PROFIT (BEIA) +1.3% ORGANICALLY AND OPERATING PROFIT (BEIA) MARGIN -118 BPS (-76 BPS EXCLUDING BRASIL KIRIN).WE ARE UPDATING OUR OPERATING PROFIT MARGIN GUIDANCE FOR FULL YEAR TO A DECREASE OF APPROXIMATELY 20 BPS.H1 NET PROFIT (BEIA) OF EUR 1,076 MILLION, +8.9% ORGANICALLY.H1 DILUTED EPS (BEIA) OF EUR 1.89 (2017: EUR 1.82).FOR 2018 EXPECT AN AVERAGE INTEREST RATE (BEIA) BROADLY IN LINE WITH 2017 (2017: 3.0%),.H1 CONSOLIDATED BEER VOLUME 112.7 MHL VERSUS 111 MHL IN REUTERS POLL.H1 OPERATING PROFIT (BEIA) EUR 1.75 BILLION VERSUS EUR 1.89 BILLION IN REUTERS POLL.FOR 2018 CAPITAL EXPENDITURE RELATED TO PROPERTY, PLANT AND EQUIPMENT SHOULD BE SLIGHTLY ABOVE EUR 2 BILLION (2017: EUR 1.7 BILLION)..H1 NET PROFIT EUR 950 MILLION VERSUS EUR 871 MILLION YEAR AGO.