Edition:
United Kingdom

Heineken FY Net Profit Rises To 2.42 Billion Euros


Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - HEINEKEN NV ::HEINEKEN N.V. REPORTS 2018 FULL YEAR RESULTS.FY NET PROFIT (BEIA) €2,424 MILLION, +12.5% ORGANICALLY.FY OPERATING PROFIT (BEIA) ORGANIC GROWTH +6.4%.GIVEN THIS, WE EXPECT OPERATING PROFIT (BEIA) TO GROW BY MID-SINGLE DIGIT ON AN ORGANIC BASIS, EXCLUDING ANY MAJOR UNFORESEEN MACRO ECONOMIC AND POLITICAL DEVELOPMENTS FOR 2019.FY CONSOLIDATED BEER VOLUME +4.2% WITH GROWTH IN ALL REGIONS.FY NET REVENUE (BEIA) ORGANIC GROWTH +6.1% WITH +2.0% PER HECTOLITRE.FOR 2019 AN AVERAGE INTEREST RATE (BEIA) BROADLY IN LINE WITH 2018 (2018: 3.2%).FOR 2019: CAPITAL EXPENDITURES RELATED TO PROPERTY, PLANT AND EQUIPMENT AROUND EUR 2 BILLION (2018: EUR 1.9 BILLION).FY TOTAL CONSOLIDATED BEER VOLUME 233.8 MHL VERSUS 237 MHL IN REUTERS POLL.FOR 2019: MID-SINGLE DIGIT INCREASE OF INPUT AND LOGISTIC COSTS PER HECTOLITRE ON AN ORGANIC BASIS.FOR 2019: CONTINUED VOLATILITY IN ECONOMIC CONDITIONS.FOR 2019: ANTICIPATES AN EFFECTIVE TAX RATE (BEIA) BETWEEN 27% AND 28% (2018: 26.4%).FY REVENUE EUROPE EUR 10.35 BILLION VERSUS EUR 10.0 BILLION (RESTATED) YEAR AGO.FY REVENUE ASIA PACIFIC EUR 2.92 BILLION VERSUS EUR 2.92 BILLION (RESTATED) YEAR AGO.FY REUTERS POLL: CONS OPERATING PROFIT (BEIA) EUR 3.85 BILLION; CONS REVENUE 22.49 BILLION.FY REUTERS POLL: NET PROFIT (BEIA) EUR 2.34 BILLION; CONS ORGANIC VOL GROWTH 4.34 PERCENT.OVERALL, WE ANTICIPATE OUR OPERATING PROFIT (BEIA) TO GROW BY MID-SINGLE DIGIT ON AN ORGANIC BASIS - CEO. 

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23 May 2019