Netherlands: Heineken post revenue in excess of €20 billion in 2015

Netherlands: Heineken post revenue in excess of €20 billion in 2015

Multinational brewer Heineken has posted revenue, volume and profit growth in full year 2015, according to its recently-released financial statements.

The beermaker saw total revenues rise to €20.511 billion ($23.10 billion), with organic growth up 3.5% on full year 2014. Consolidated beer volumes were up 2.3% with positive growth in Americas, Asia Pacific and Europe offsetting weaker volume in Africa Middle East & Eastern Europe, the company added

Operating profit (beia) was also up 6.9% organically (8.1% in total) from 2014, rising to €2.048 billion ($2.31 billion).

Commenting on the results, Heineken CEO and chairman of the executive board Jean-François van Boxmeer said:
"Our strong performance in 2015 reflects the successful execution of our strategy, as well as the relevance of our unique geographic diversity and our portfolio of premium brands, led by Heineken®. In 2015, top and bottom line growth was supported by increased investment in our brands, sustained innovation, and cost efficiencies. We improved operating margin by 46bps before the impact of the dilution from the Empaque disposal".

"At the same time we have continued to invest for future growth, by entering or expanding our presence in markets including Myanmar, Ivory Coast, East Timor, Jamaica, Malaysia, Slovenia and South Africa", he added. "We are also particularly excited by our new partnership with Lagunitas, one of the leading craft brewers in the US. Whilst we expect further volatility in emerging markets and deflationary pressures in 2016, we are confident that we will again deliver top and bottom line growth, as well as margin expansion in line with our guidance".

Source: Heineken