Heineken Makes EUR260 Million Net Profit in 1Q; Organic Growth 4.3%
April 18 2018 - 3:09AM
Dow Jones News
By Adam Clark
Heineken NV (HEIA.AE) said Wednesday that it posted a net profit
of 260 million euros ($321.3 million) in the first quarter of 2018,
as Asian growth helped offset a sales decline in Europe due to cold
weather.
The world's second-largest brewer by sales said its consolidated
beer volume rose 4.3% on an organic basis, and 15% on a total
growth basis from the prior year.
Organic growth was fastest in the Asia Pacific region, at 11%,
including double-digit increases in Vietnam, Cambodia, Malaysia and
New Zealand.
However, in Europe, beer volume declined 1.7% on an organic
basis, with the benefit of an earlier Easter period more than
offset by cold weather.
Heineken said its full-year guidance remains unchanged. A
FactSet consensus forecasts the brewer's 2018 net profit at EUR2.19
billion.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
April 18, 2018 03:54 ET (07:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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