Heineken 1Q Net Profit Rose; U.S. Beer Volumes Declined
April 24 2019 - 2:39AM
Dow Jones News
By Anthony Shevlin
Heineken NV (HEIA.AE) said Wednesday that net profit in the
first quarter rose as beer volume grew across all regions.
The world's second-largest brewer by sales said net income was
299 million euros ($335.9 million), compared with EUR260 million
the prior year.
The company said its consolidated beer volume rose 4.3% on an
organic basis compared with the year previous.
An analyst consensus provided by the company saw organic growth
of 3.3%.
Beer volume in the U.S. posted a mid-single digit decline
although beer volume in the Americas region grew 3.2%
organically.
The company confirmed its outlook for 2019 and expects operating
profit to grow by a mid-single digit on an organic basis.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
April 24, 2019 02:24 ET (06:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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