Heineken’s Q3 trading update: beer volumes grew organically by +2% (consensus +1.4%, vs. 1.8% in Q2). Volumes by region: Africa, ME & EE –3.6% (cons. -3.3%), the Americas +3% (cons. +3.6%), Asia Pacific +15.1% (cons. 12%), Europe +0.6% (cons. 0%). Heineken brand volumes grew +3.5% in Q3 (improvement vs. Q2) driven by China, South Africa and Brazil. For the FY, the company expects a currency headwind of c. €215m on the consolidated operating profit (beia) and c. €115m
26 Oct 2016
Q3 update: solid organic volume growth but the FX headwinds persist
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Q3 update: solid organic volume growth but the FX headwinds persist
Heineken NV (HEIA:WBO) | 0 0 1.6% | Mkt Cap: 49,490m
- Published:
26 Oct 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Heineken’s Q3 trading update: beer volumes grew organically by +2% (consensus +1.4%, vs. 1.8% in Q2). Volumes by region: Africa, ME & EE –3.6% (cons. -3.3%), the Americas +3% (cons. +3.6%), Asia Pacific +15.1% (cons. 12%), Europe +0.6% (cons. 0%). Heineken brand volumes grew +3.5% in Q3 (improvement vs. Q2) driven by China, South Africa and Brazil. For the FY, the company expects a currency headwind of c. €215m on the consolidated operating profit (beia) and c. €115m