Heineken officially opened its Ivorian brewery, Brassivoire, a joint-venture partnership between the Dutch brewer and CFAO.
The event was graced by top Ivorian government officials, including the Vice President, Mr. Daniel Kablan Duncan and the Prime Minister, Mr. Amadou Gon Coulibaly. Also in attendance were the CEO of Heineken, Mr. Jean-Francois van Boxmeer and representatives of CFAO, among others.
Amsterdam-based Heineken N.V announced in October that it would seek a rare fourth, four-year term for its Chief Executive Officer, Jean-Francois van Boxmeer at the company’s next Annual General Meeting set to be held in April 2017.
Mr. van Boxmeer, who started working for Heineken in 1984, would be the second CEO in the company’s history to have had such a long tenure. Only the late Freddy Heineken, the grandson of the company’s founder had a longer tenure.
Heineken N.V. said on Wednesday that net profit for the 9-months to the end of September fell 30% to €1.239bn, from €1.776bn it made in the preceding year. The decline was as a result of a one-time book gain of €379m it made from the sale of EMPAQUE, a Mexican packaging operation which boosted 2015 sales.
Dutch brewer Heineken N.V. said on Monday that net profit fell 49% to €586m in the first-half of 2016, after removal of exceptional items. It added that if it hadn’t been for the exceptional items, net income would have been €977m ($1.1bn), a 6.8% increase from last year’s €915m.
Heineken reported strong results in half-year as demand for its products in Asia and Western Europe offset weaknesses in Africa, Middle East and Eastern Europe.
Heineken’s Chief Executive Jean-Francois van Boxmeer said while the company had “performed well in volume, revenue and profits,” the downside had been its “subdued performance in Africa and the Middle East.”
