Heineken FY and Q4 update: In Q4, beer volumes increased +2.2% (in line with Q3). Q4 organic volumes by region: Africa, ME& EE +0.6%, Americas +2.8%, Asia Pacific +17.8% (very strong performance), Europe -2.5%. For the FY, beer volume was up +3% (in line with consensus) whereas revenue grew organically +4.8% (cons. +3.7%). Revenue growth per hl was up +2.2%. The organic operating profit was up +9.9% (Cons. +6.6%). On a reported basis, net revenue was up +1.4%, whereas operating margin (be
15 Feb 2017
Strong FY above expectations, sticks to mid-term guidance
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Strong FY above expectations, sticks to mid-term guidance
Heineken NV (HEIA:WBO) | 0 0 1.6% | Mkt Cap: 49,490m
- Published:
15 Feb 2017 -
Author:
Anna Zyniewicz -
Pages:
3
Heineken FY and Q4 update: In Q4, beer volumes increased +2.2% (in line with Q3). Q4 organic volumes by region: Africa, ME& EE +0.6%, Americas +2.8%, Asia Pacific +17.8% (very strong performance), Europe -2.5%. For the FY, beer volume was up +3% (in line with consensus) whereas revenue grew organically +4.8% (cons. +3.7%). Revenue growth per hl was up +2.2%. The organic operating profit was up +9.9% (Cons. +6.6%). On a reported basis, net revenue was up +1.4%, whereas operating margin (be