Plus   Neg

Heineken FY18 Net Profit, Beia, Up 12.5% Organically - Quick Facts

Heineken NV (HKHHF.PK) reported that its fiscal 2018 net profit declined 1.6% to 1.90 billion euros. EPS was 3.34 euros, down 1.5%. The company noted that its net profit included 183 million euros of impairments, mainly in the DRC. Net profit (beia) improved 12.5% to 2.42 billion euros, from prior year. EPS (beia) was 4.25 euros, up 7.9%. Fiscal 2018 operating profit (beia) increased 6.4% organically, with a faster rate in the second half of the year than in the first driven by higher revenue growth and overall slower growth of expenses despite continued pressure from higher input and logistics costs, the company said.

Fiscal year net revenue (beia) increased 6.1% organically to 22.47 billion euros, with a 4.0% increase in total consolidated volume and a 2.0% increase in revenue (beia) per hectolitre. IFRS net revenue improved 4% to 22.47 billion euros. Consolidated beer volume grew 4.2% organically in 2018, with 4.5% growth in the first half and 4.0% growth in the second half.

For 2019, the company expects operating profit (beia) to grow by mid-single digit on an organic basis, excluding any major unforeseen macro economic and political developments.

The company said, for 2018, payment of a total cash dividend of 1.60 euros per share will be proposed to the Annual General Meeting of Shareholders on 25 April 2019. This represents an increase of 8.8% versus 2017, translating into a 37.6% payout. If approved, a final dividend of 1.01 euros per share will be paid on 8 May 2019, as an interim dividend of 0.59 euros per share was paid on 9 August 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
NetApp Inc. (NTAP) Wednesday reported a fourth-quarter profit that fell short of Wall Street estimates, as revenues slipped 3 percent. Shares of the company slipped 6% in extended trading session after its first-quarter outlook was also short of current expectations. Sunnyvale, California-based NetApp... The release of $20 bill featuring Harriet Tubman, an American abolitionist and political activist, has been postponed. The redesign of the $20 bill featuring Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said. The government was planning to unveil the redesigned $20... An analyst at Goldman Sachs Inc. has warned that Apple Inc.'s earnings could drop by 29 percent if China were to retaliate in the trade war against the U.S. with a ban on sales of Apple products in that country. The iPhone maker's China business accounted for 17.6 percent of its total sales in the recent second quarter.
Follow RTT