Tag Archives: Heineken N.V

Heineken, China Resources finalize transactions to form strategic partnership in China

Heineken N.V. announced on Tuesday that it has met all regulatory requirements to enter into a strategic partnership with China Resources Enterprise Limited (CRE) and its holding company China Resources Beer Holdings Co. Ltd (CRH Beer Ltd) in a deal first announced in August 2018.

Heineken sees increased beer volumes in Q1, with growth across all regions

Heineken N.V said on Wednesday that beer volumes in the first quarter grew 4.4% to 52.7 million hectoliters, with growth seen across all regions.

The company said that brand Heineken® saw 8.9% growth with double digit boost coming from Brazil, South Africa, Russia, China, the UK, Nigeria, Mexico, Romania and Germany.

Heineken unveils its first brewery in Mozambique

Heineken NV announced on Wednesday the opening of its $100 million brewery in Maputo, Mozambique.

According to the company, the brewery will have a production capacity of 0.8 million hectoliters and will brew Txilar, a new beer specially made for the Mozambican market. It will also offer other trade marked Heineken international brands including Heineken®, Amstel, Sagres and Strongbow.

Mozambique has a GDP growth rate of 3.5% at the end of 2018 with beer consumption level of10.5-litres per capita.

Commenting on the new brewery, Jean-François van Boxmeer, chairman of the Executive Board and CEO, Heineken, said: “The population is young and vibrant, the middle-class is growing and living increasingly in cities, the economic perspectives are encouraging and the beer market has a great potential to grow.

Heineken to provide UEFA Championship viewing experiences to consumers nationwide

Heineken one of the world’s leading premium beer brands has revealed that it will be delighting football fans across Nigeria with unique, premium viewing experiences for the rest of the UEFA Champions League Campaign, while also giving consumers an opportunity to watch the semi-finals and finals matches live in Europe.

The announcement of these exciting new plans by Heineken was made yesterday during one of the premium viewing experiences hosted at Farm City Lounge, Lekki, Lagos.

Heineken sees marginal profit decline in 2018

Heineken N.V. on Wednesday reported a decline of 1.6% in net profits for the full year 2018 to €1.9bn, caused by a €183m impairment charge in the Democratic Republic of the Congo (DRC) and acquisition costs from Brazil. In the same period in 2017, the company recorded €2.2bn in profits.

However, the company said that total revenue for 2018 grew by 3.7% to €26.81bn from the previous year, with total beer volumes up by 4.4%, helped by a boost from its Heineken brand, which grew 7.7%, its best performance in a decade. The Dutch brewer notes that its newly launched Heineken® 0.0 is now sold in 38 countries, from 17 in 2017.

Heineken Rwandan subsidiary to start brewing Heineken brand locally

Bralirwa, the Rwandan subsidiary of Heineken NV has announced it will start making the Heineken brand locally from next month in a bid to cut down on import and distribution costs.

Heineken will be brewed at Bralirwa’s Gisenyi factory in Northern Rwanda, very close to the border with the Democratic Republic of Congo (DRC).

“We believe that this innovation will create additional business opportunities for Bralirwa and for our business partners in Rwanda as well as through export to neighbouring countries,” said Mr Sander Bokelman, Bralirwa’s Supply Chain Director, in a statement on Monday.

Heineken sustains growth in Qtr3 as beer volume rise 4.6%

Heineken N.V. said its profits grew 8% in the third quarter to €1.6bn from €1.48bn in the same period in 2017, benefiting from a 4.6% consolidated beer volume growth across all regions.

In a trading update on Wednesday, the Dutch brewer said that its Heineken brand grew 9.2% in beer volume with much of the growth coming from Brazil, Mexico, Vietnam and South Africa.

Heineken agrees to Cross-Shareholding deal with China Resources

Heineken N.V has agreed to sell its China business to China Resources Beer Holding Company Limited (CRH Beer Ltd) in exchange for a 40% stake in the company. CRH Beer is the parent company of CR Beer, China’s largest beer company and maker of popular Snow beer in China.

The $3.1bn investment will give Heineken a strong local partner in a market where it has struggled to break into ever since entering the market in 1983.

Heineken sees growth acceleration in first-half despite lower operating profit warning for second-half

Dutch brewer Heineken N.V said that net revenue for the first six months of 2018 grew 4.2% to €10.7bn, from €10.3bn in 2018.

The company said that consolidated beer volume grew 4.5%, while Heineken brand own volume rose 7.5%, with positive momentum in all regions especially in Africa, Middle East & Eastern Europe and the Americas. The growth came from double digit gains in Brazil, South Africa, Russia, UK, Nigeria, Mexico, Poland, Germany and Romania. The company notes that it continues to benefit from global sponsorship platforms such as UEFA Champions League and Formula 1.

Heads of FrieslandCampina, Heineken commit to increased investments in Nigeria

The leadership of Dutch firms in Nigeria have pledged to increase their investments in the country.

The commitments were made when Nigeria’s President Muhammadu Buhari, met with some of the CEOs of the Dutch firms during his official visit to The Hague, Netherlands.