Heineken records rise in profit, revenue

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The Hague, Feb 10 (IANS) Heineken posted a rise of profit in 2015, the Dutch brewer said on Wednesday.

Net profit went up from 1.516 billion euros in 2014 to 1.892 billion euros ($2.131 billion) in 2015. Profit before exceptional items and amortisation (beia) grew from 1.758 billion in 2014 to 2.048 billion last year, up 16 percent, Xinhua reported.

Operating profit (beia) increased from 3.129 billion in 2014 to 3.381 billion euros in 2015, up 6.9 percent organically.

The total revenue amounted to 20.511 billion euros, compared to 19.257 billion euros in the previous year.

Consolidated beer volume grew 2.3 percent in 2015, with slightly positive growth in the first half and 3.5 percent growth in the second half.

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Growth was especially positive in the Americas, Asia Pacific and Europe, offsetting weaker volume in Africa, the Middle East and Eastern Europe.

“Our strong performance in 2015 reflects the successful execution of our strategy, as well as the relevance of our unique geographic diversity and our portfolio of premium brands, led by Heineken,” said CEO Jean-Francois van Boxmeer.

In 2016 Heineken expects to deliver further organic revenue and profit growth despite an increasingly challenging environment.

“We have continued to invest for future growth, by entering or expanding our presence in markets including Myanmar, Ivory Coast, East Timor, Jamaica, Malaysia, Slovenia and South Africa,” the CEO added.

“We are confident that we will again deliver top and bottom line growth, as well as margin expansion in line with our guidance.”

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