Heineken Nine-Month Net Profit Rose 4.4%
October 23 2019 - 2:42AM
Dow Jones News
By Adria Calatayud
Heineken NV (HEIA.AE) said Wednesday that net profit for the
first nine months of 2019 rose 4.4%, and guided for organic
operating growth of around 4% for the full year.
The Amsterdam-based brewer--which also owns the Sol, Birra
Moretti and Tiger beer brands--made a net profit of 1.67 billion
euros ($1.86 billion) for the nine months to Sept. 30 compared with
EUR1.60 billion in the year-earlier period.
Consolidated beer volume rose 2.3% on an organic basis in the
third quarter, as double-digit growth in Asia Pacific offset
declining volumes in the Americas, Heineken said. Quarterly volumes
of Heineken branded beer were up 7.4%, the company said.
The world's second-largest brewer had previously guided for
mid-single-digit organic growth in operating profit in 2019.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 23, 2019 02:27 ET (06:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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