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Gloucestershire Business News

Heineken toasts strong results

Heineken has seen revenue and profits grow during a strong first half of the year.

The Dutch brewer, which produces one of the most popular lager beers in the UK, saw revenue of €17,823 million growing with net revenue organically growing 6% and operating profit of €1,542 million up 12.5%.

CEO Dolf van den Brink, chairman of the executive board, said: "We delivered a solid first half of the year. The Americas region stood out, as portfolio mix and major ongoing saving initiatives resulted in a strong operating profit improvement, notably in Brazil and Mexico.

"In Europe we gained market share in the majority of our markets and beer volume was slightly up compared to last year despite poor weather in June.

He added: "Our EverGreen strategy continues to shape our business. Premium beer volume grew 5%, led by the Heineken® brand, up 9%. Heineken® was proud to receive a record 22 awards from the Cannes Lions Festival. We consolidated leadership in the Low & No-alcohol category, with Heineken® 0.0 up 14%. We are firmly on-track to deliver €0.5 billion gross savings for 2024, enabling us to invest in growing the category and in building strong brands.

"In the second half, we will materially step-up investment in market and sales expenditures, with notable increases in key markets."

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