Cheers! Heineken toasts rise in half-year operating profit to £1.6 billion
WARM weather helped thirst for Heineken as the brewer toasted a 5.9 per cent rise in half-year operating profit to €1.8 billion (£1.6 billion).
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The Dutch group, whose beers include Tiger and Sol, lifted revenue by 3.8 per cent to €10.48 billion.
Asia Pacific and the Americas had reported most growth, with Europe, Africa and the Middle East also up.
Chief executive Jean-Francois van Boxmeer said in a statement: "We delivered strong results in the first half year, with all four regions contributing positively to organic growth in volume, revenue and operating profit.
Heineken saw a 5.9 per cent rise in half-year operating profit
"Europe delivered a good performance, momentum remained strong in Americas and Asia Pacific, and results improved in Africa Middle East & Eastern Europe despite continued difficult market conditions.
"A well-balanced global footprint, sustained investment in our beer and cider brands, market leading innovations and a focus on premiumisation continue to differentiate our strategy and underpin our progress.
"During the period we also completed the acquisitions of Brasil Kirin and Lagunitas."
He added: "Whilst economic conditions are likely to remain volatile, our expectations for the full year are unchanged.''