Heineken reports decline in organic beer volumes

By John Harrington

- Last updated on GMT

Related tags: Operating profit, Remainder, Europe, Heineken

Heineken reports decline in beer volumes
Heineken reports decline in beer volumes
Heineken, the global brewer, has reported a 1% decline in organic volumes in H1 and said it does not expected underlying trading conditions to change despite benefiting from better weather across Western Europe in July.

Volumes fell 3%. Total revenue grew 3%, helped by the integration of Asia Pacific Breweries, which experienced volume growth of 10% and operating profit growth of c20%.</p><p>Revenue per hectolitre increased by 2%.

Group operating profit increased 5%. Organically, group operating profit was in line with last year.

Diluted earnings per share fell 17% to Euro1.11,

Heineken said: “For the remainder of the year, economic uncertainty and ongoing weak consumer sentiment is expected to persist across many key markets. Consequently, although Heineken benefited from better weather conditions in July in Western Europe and anticipate improved volumes in some developing markets, Heineken does not expect a material change to underlying trading conditions across the majority of its markets.”

Related topics: Beer

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