Heineken Holding N.V. reports on 2021 first-quarter trading
21 Aprile 2021 - 8:01AM
Heineken Holding N.V. reports on 2021 first-quarter trading
Amsterdam, 21 April 2021 – Heineken Holding N.V. (EURONEXT:
HEIO; OTCQX: HKHHY) publishes its trading update today for the
first quarter of 2021.
KEY HIGHLIGHTS
- Beer volume stable organically
- Heineken® volume growth accelerated
+12.1%
- Premium volume outperformed growing
in the low-teens
- Deployment of EverGreen growth
strategy on track
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.
FIRST QUARTER VOLUME
Beer volume1 2(in mhl or %) |
1Q21 |
Organic growth |
1Q20 |
Consolidated
beer volume |
50.3 |
0.0 |
% |
51.6 |
Heineken® volume1(in mhl or %) |
1Q21 |
Organic growth |
Heineken
N.V. |
10.5 |
12.1 |
% |
1 Refer to the Definitions section for an explanation of organic
growth and volume metrics. 2 2021 volume reflects the shift of
malt-based, unfermented, non-alcoholic drinks from Beer- to
Non-Beer Volume. Organic growth has been corrected.
HEINEKEN's highest priority throughout the COVID-19 crisis has
been and continues to be the health and safety of its people.
HEINEKEN's teams have demonstrated great resilience and agility as
the crisis prolongs and recovery levels vary market-to-market.
HEINEKEN continues to support its employees, customers, suppliers
and communities most impacted by the pandemic. For example, in the
UK, HEINEKEN continues to support its customers financially and
waived €19 million in rental payments last quarter. In Brazil,
HEINEKEN joined the "Salvando Vidas" match-funding initiative of
the Development Bank of Brazil (BNDES), to invest in 4 oxygen
plants and aid more than 40 philanthropic hospitals with medical
supplies in the fight against COVID-19.
In March 2021 HEINEKEN began to lap the first round of severe
lockdowns in March 2020. Beer volume in the first quarter was in
line with last year, organically (2.1% below the first quarter of
2019). HEINEKEN delivered strong growth in the Africa, Middle East
& Eastern Europe and Asia Pacific regions and modest growth in
the Americas, offset by the decline in Europe where the on-trade
remained largely closed throughout the quarter. At the start of
April less than 30% of the on-trade in Europe was operating.
HEINEKEN is bringing its EverGreen balanced growth strategy to
life across the business, focusing on delivering superior and
profitable top-line growth. HEINEKEN is amplifying its strong
premium position to capture the growing opportunity of
premiumisation. HEINEKEN is expanding its portfolio by stretching
and moving beyond beer into products such as ciders, hard seltzers
and other beverages to better serve consumers. HEINEKEN is shaping
and strengthening its digital route to consumer.
Heineken® brand
- The Heineken® brand had a strong performance,
well ahead of the overall market, growing 12.1% in the
quarter.
- Volume grew double-digits in more than 40 markets, including
Brazil, South Africa, China, Vietnam, Nigeria, Colombia, Argentina,
France, Poland and Laos.
- Heineken® 0.0 grew double-digits with strong
momentum in Brazil, Mexico and the USA. Heineken® 0.0 is now
available in 94 markets.
- On 19 April the brand launched the latest edition of its
#SocialiseResponsibly campaign ‘WE’LL MEET AGAIN’. The campaign
celebrates people's resilience and creativity over the last year
and highlights how people found inventive ways to keep the spirit
of ‘going out’ alive from the safety of their own homes.
REPORTED NET PROFIT OF HEINEKEN N.V.
The reported net profit of Heineken N.V. for the first three
months of 2021 was €168 million (2020: €94 million; 2019: €299
million). The effect from lower on-trade volume in Europe was more
than offset by the performance of other regions and continued cost
mitigation efforts.
BUSINESS OUTLOOK
The outlook statements shared on 10 February 2021 remain
unchanged. HEINEKEN's business continues to be significantly
impacted by the consequences of the COVID-19 pandemic. HEINEKEN
expects market conditions to gradually improve into the second part
of the year, depending on the roll-out of vaccines.
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 "Brew 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 RegulationThis 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 Q1 2021 Trading Update (21_04_2021).pdf
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