By Mauro Orru

 

Dutch brewer Heineken expects a negative currency translational impact on revenue, operating and net profit for the year, citing the Brazilian real as the biggest threat to its topline.

"We see the biggest individual impact on revenue coming from the Brazilian real but given our international exposure we also see impact from other currencies like the Nigerian Naira and others," Heineken says.

The company has a presence in more than 70 countries. Before exceptional items and amortization, the company expects hits of around EUR570 million on net revenue, EUR100 million on operating profit, and EUR50 million on net profit.

The euro has risen almost 50% against the Brazilian real since the start of 2020, and year-to-date it has gained 5.4% against the currency, according to FactSet.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

April 21, 2021 09:51 ET (13:51 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Grafico Azioni Heineken (EU:HEIA)
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