Heineken Holding N.V. reports on 2021 third-quarter trading
27 Oktober 2021 - 8:01AM
Heineken Holding N.V. reports on 2021 third-quarter trading
Amsterdam, 27 October 2021 – Heineken Holding N.V.
(EURONEXT: HEIO; OTCQX: HKHHY) today publishes its trading update
for the third quarter of 2021.
KEY HIGHLIGHTS
- Beer volume -5.1% organically for
the quarter; +4.0% for the first nine months
- Heineken® volume +8.0% in the
quarter; +15.1% for the first nine months
- Full year expectations
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 VOLUME BREAKDOWN
Beer volume1(in mhl or %) |
3Q21 |
Organic growth |
Total growth |
YTD 3Q21 |
Organic growth |
Total growth |
Consolidated beer volume |
60.2 |
|
-5.1 |
% |
-4.3 |
% |
170.1 |
|
4.0 |
% |
2.8 |
% |
Heineken® volume1 (in mhl or
%) |
3Q21 |
Organic growth |
YTD 3Q21 |
Organic growth |
Heineken N.V. |
12.8 |
|
8.0 |
% |
35.5 |
|
15.1 |
% |
1 Refer to the Definitions section for an explanation of organic
growth and volume metrics.
Heineken® brand
- Heineken® continued its strong momentum and grew volume by 8.0%
in the quarter and 15.1% for the first nine months of the year.
Volume grew double-digits year to date in more than 50 markets,
including Brazil, China, South Africa, Nigeria, Italy, Spain,
Vietnam, and Mexico. Relative to 2019, volume grew by 15.6% in the
third quarter and by 16.3% in the first nine months.
- Heineken® 0.0 grew in the low-twenties, with a particularly
strong performance in Brazil, Mexico, the USA and the UK.
- Heineken® Silver continued its strong growth momentum in
China.
REPORTED NET PROFIT OF HEINEKEN N.V.
The reported net profit of Heineken N.V. for the first nine
months was €3,082 million (2020: €396 million; 2019:
€1,667 million). This includes an exceptional gain of €1.3
billion from the remeasurement to fair value of the previously held
equity interest in United Breweries in India, which was recognised
on 29 July 2021 when HEINEKEN obtained control.
TRANSLATIONAL CURRENCY CALCULATED IMPACT
Based on the impact to date, and applying spot rates of 25
October 2021 to the 2020 financial results as a baseline for the
remainder of the year, the calculated negative translational impact
for the full year would be approximately €450 million in net
revenue (beia), €90 million at consolidated operating profit
(beia), and €40 million at net profit (beia).
ENQUIRIES
Media Heineken
Holding N.V. |
|
Kees
Jongsma |
|
E-mail: cjongsma@spj.nl |
|
tel. +31 6 54 79
82 53 |
|
|
|
Media Heineken
N.V. |
Investors |
Sarah
Backhouse |
José
Federico Castillo Martinez |
Director of
Global Communication |
Director of
Investor Relations |
Michael
Fuchs |
Janine
Ackermann / Robin Achten |
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 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.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 specialty 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. 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 Holding N.V. and
Heineken N.V. shares trade on the Euronext in Amsterdam. Prices for
the ordinary shares may be accessed on Bloomberg under the symbols
HEIO NA and HEIA NA and on Reuters under HEIO.AS and HEIN.AS.
HEINEKEN has two sponsored level 1 American Depositary Receipt
(ADR) programmes: Heineken Holding N.V. (OTCQX: HKHHY) and Heineken
N.V. (OTCQX: HEINY). Most recent information is available on the
websites: www.HeinekenHolding.com
and www.theHEINEKENcompany.com and follow HEINEKEN on Twitter
via @HEINEKENCorp.
Market Abuse Regulation This press release contains 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,
developments in the ongoing COVID-19 pandemic and related
government measures, 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.
- Heineken Holding Q3 2021 Trading Update (27_10_2021).pdf
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