Heineken profits rise

Heineken has posted a 13.7% rise in net profits for the first quarter of 2012 on a 12-month comparison.

The brewers profits have been boosted by better beer sales in Africa and the Middle East.

Heineken’s net profit rose to 175 million euros (£143,334 million), supported by exceptional items, a statement issued by the biggest European brewer said.

Sales by Amsterdam-based Heineken topped 3.83 billion euros, an increase of 6.8 percent when recent acquisitions are excluded. It’s been a good start to 2012 for the beer giant after it was revealed that James Bond will sip one of their drinks in the movie Skyfall instead of his usual Vodka martini.

Net profit was also driven up after Heineken increased its shareholding to a controlling stake in Haiti’s Brasserie Nationale d’Haiti.

Heineken did see a 1.8-percent dip in western European sales, but the brewer noted that first quarter results covered winter months in the northern hemisphere when sales are “less significant” than the rest of the year.

The Dutch group confirmed a 2012 outlook initially given in February, and said it expected emerging markets such as Africa, Asia and Latin America to become increasingly important for sales.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Rioja Masters 2019

Deadline : 1st August 2019

Champagne Masters 2019

Deadline : 12th August 2019

Click to view more

The Global Organic Masters 2019

View Results

Cabernet Sauvignon Masters 2019

View Results

Click to view more