Heineken Holding N.V. reports on 2018 third quarter trading
October 24 2018 - 2:02AM
Amsterdam, 24 October 2018 - Heineken Holding N.V. (EURONEXT:
HEIO; OTCQX: HKHHY) today publishes its trading update for the
third quarter of 2018.
KEY HIGHLIGHTS
- Consolidated beer volume +4.6% organically, with growth in all
regions.
- Heineken® volume +9.2% with double digit growth in Africa,
Middle East & Eastern Europe and the Americas.
- Expectations for the full year 2018 remain unchanged.
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
Consolidated beer volume1 (in mhl or %) |
3Q18 |
Totalgrowth % |
Organic growth % |
YTD 3Q18 |
Totalgrowth % |
Organic growth % |
Consolidated beer volume |
62.6 |
|
4.4 |
|
4.6 |
|
175.3 |
|
8.7 |
|
4.5 |
|
Heineken® (in mhl or %) |
3Q18 |
Organic growth % |
YTD 3Q18 |
Organic growth % |
Heineken® |
10.3 |
|
9.2 |
|
28.8 |
|
8.1 |
|
Heineken® volume grew by 9.2%. Key markets contributing
with double digit growth included Brazil, South Africa, France,
Russia, the UK, Poland, Canada and Mexico. Volume in Asia Pacific
declined mainly due to Vietnam, Thailand and Taiwan.
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
€1,606 million (2017: €1,486 million).
TRANSLATIONAL CURRENCY UPDATE
Using spot rates as at 16 October 2018 for the remainder of this
year, the calculated negative currency translational impact would
be approximately €175 million (vs €179m on 24 July) at
consolidated operating profit level (beia), and negative €110
million (vs €112m on 24 July) at net profit level (beia).
PROPOSED STRATEGIC PARTNERSHIP WITH CHINA RESOURCES
On 3 August 2018, HEINEKEN announced that it had signed
non-binding agreements with China Resources Enterprise, Limited
('CRE') and China Resources Beer (Holdings) Co. Ltd. ('CR Beer') to
create a long-term strategic partnership for Mainland China, Hong
Kong and Macau. All parties continue to work towards signing
definitive agreements and will share further updates as they
develop.
FINANCING UPDATE
On 3 September 2018, HEINEKEN placed €600 million of 8.5-year
Notes with a coupon of 1.25% and €650 million of 12.5-year Notes
with a coupon of 1.75%. The Notes have been issued under the
Company's Euro Medium Term Note Programme and are listed on the
Luxembourg Stock Exchange.
The proceeds from the Notes issuance are to be used for general
corporate purposes, which may include repayment of debt and/or
acquisitions.
DEFINITIONS
Organic growth in volume excludes the effect of consolidation
changes. HEINEKEN means Heineken Holding N.V., Heineken N.V., its
subsidiaries and interests in joint ventures and associates.
For a full list of definitions see the Heineken Holding N.V.
HY2018 results published on 30 July 2018.
ENQUIRIES
Media Heineken Holding
N.V. |
|
Kees
Jongsma |
|
tel. +31 6 54 79 82
53 |
|
E-mail:
cjongsma@spj.nl |
|
|
|
Media Heineken
N.V. |
Investors |
John-Paul
Schuirink |
Federico Castillo
Martinez |
Director of Global
Communication |
Director of Investor
Relations |
Michael
Fuchs |
Chris MacDonald /
Aris Hernandez |
Corporate &
Financial Communication 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
portfolio of more than 300 international, regional, local and
speciality 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 over 80,000 employees and operates 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 on Twitter 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.
Market Abuse RegulationThis press release may contain 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.
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