Dutch brewer Heineken NV said that profits increased by 13.2% in 2019 to €2.2bn from €1.9bn in the previous year, helped by robust pricing and focus on premiumisation.
Net revenue in the period was up 6.6% to €23.9bn, with total beer volume growth of 3.1%, driven by South Africa, Russia, Mozambique, Nigeria and the Democratic Republic of Congo (DRC).
Heineken NV said in its nine months results that it is seeing increased volatility across a number of its markets despite seeing profits rise by 4.45% to €1.67bn. The higher earnings were driven by beer volume growth of 2.3%, with brand Heineken® surging 7.4%.
The company said that it benefited from the double-digit growth of its brand Heineken in countries such as Brazil, South Africa, the UK, Nigeria, Romania and Germany.
Looking at the company’s performance by region, its Africa, Middle East and Easter Europe region saw 1.6% beer volume growth.
In Nigeria, beer volume grew by low-single-digit with the premium portfolio growing double-digit, driven by brand Heineken®.
Heineken has rolled-out two new sleek and stylish 33cl cans for the packaging of its premium beer brand in Nigeria.
The unveiling which took place at the Heineken House in Lagos on 30th August had in attendance trade partners, consumers, media personalities, Nigerian Breweries top personnel, influencers, and celebrities.
According to the company, the new cans are very desirable especially in outdoor occasions because of Heineken’s green identity that envelopes the cans.
Heineken NV has announced it will spend US$67m in South Africa to expand capacity at its Sedibeng brewery.
The company produces ciders and beer at the brewery it co-owns with Namibia Breweries Limited (NBL). Some of its brands include Heineken, Amstel, Windhoek and Strongbow. The plan is to enlarge the brewery’s capacity from 5.3m hectoliters to 7.5 million hectoliters per year to accommodate demand.
Heineken NV reported lower profits in the first-half, despite seeing a boost in global beer volumes. The company said that its earning was hit by aluminum costs as well as investments in e-commerce and technology upgrades, among others.
Consolidated beer volumes was up by 3.1%, with brand Heineken® growing 6.9% and in double-digits in Brazil, Mexico, South Africa, Russia, Nigeria, UK, Portugal, Germany and Romania. The company notes that Heineken® zero alcohol has expanded to 51 markets across the globe.
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 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 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 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 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.
