Heineken released its H1 update. Revenues were up +4.7% on an organic basis (cons. +5.3%) with beer volumes up +4.1% (cons. 4.3%, 1.8% in Q2). On a reported basis, sales were up +2% in H1 whereas the operating margin beia expanded to 16.9% (vs. 16.5% in FY15). Volumes by region: Africa, ME & EE -1.2%, the Americas +4.7%, Asia Pacific +19.4%, Europe +2.3%. The Heineken brand’s volumes were up +2.6% (impacted also by Africa). The group maintains its FY guidance: further organic revenu
01 Aug 2016
Q2 gets dragged by Africa, ME & EE
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Q2 gets dragged by Africa, ME & EE
Heineken NV (HEIA:WBO) | 0 0 1.6% | Mkt Cap: 49,490m
- Published:
01 Aug 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Heineken released its H1 update. Revenues were up +4.7% on an organic basis (cons. +5.3%) with beer volumes up +4.1% (cons. 4.3%, 1.8% in Q2). On a reported basis, sales were up +2% in H1 whereas the operating margin beia expanded to 16.9% (vs. 16.5% in FY15). Volumes by region: Africa, ME & EE -1.2%, the Americas +4.7%, Asia Pacific +19.4%, Europe +2.3%. The Heineken brand’s volumes were up +2.6% (impacted also by Africa). The group maintains its FY guidance: further organic revenu