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| Heineken Holding N.V. achieves 17% organic net profit (beia) growth for 2010 half-year |
| Netherlands, 26.08.2010 |
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| Posted on: Wed, 25 Aug 2010 01:05:28 EDT
Netherlands, Aug 25, 2010 (Thomson Reuters ONE via COMTEX) --
Amsterdam, 25 August 2010 - Heineken Holding N.V. today announced:
- The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half of 2010 turned out at EUR348 million;
- Net profit (beia) increased 17% organically, driven by higher EBIT (beia) and lower interest expense and amounted to EUR621 million;
- Net profit of Heineken N.V. increased 42% to EUR695 million partly due to positive exceptional items;
- Strong free operating cash flow generation at EUR699 million, up from EUR383 million, positively impacted net debt and interest charges;
- Organic EBIT (beia) growth of 5.7% as a result of EUR104 million savings from Heineken's Total Cost Management programme, improved margins per hectolitre and the strong performance of Heineken's joint ventures, offsetting lower volume and higher marketing investments;
- Heineken(R) volume in the international premium segment outperformed the overall portfolio and grew 4.1%;
- Group beer volume decreased 2.3% organically impacted by the weak economic environment and the effect of excise duty increases, partly offset by strong growth in Africa, Asia and Latin America;
- Heineken expects the organic increase in net profit (beia) for the full year 2010 to be at least in low double digits;
- Integration of FEMSA Cerveza makes good progress and is on track;
- Interim dividend of EUR 0.26 per ordinary share (2009: EUR 0.25).
odkaz na stránku
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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