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    Heineken Holding N.V. Trading Update - First Quarter 2012

    Nachrichtenquelle: GlobeNewswire
     |  18.04.2012, 08:02  |  565 Aufrufe  |   | 


    Amsterdam, 18 April 2012 - Heineken Holding N.V. today announced its trading
    update for the first quarter of 2012. In the quarter:

    * On an organic basis, HEINEKEN´s [1] revenue increased 6.8% with growth
    across all regions, reflecting total consolidated volume growth of 3.5% and
    revenue per hectolitre growth of 3.3%;
    * On an organic basis, group beer volume and consolidated beer volume both
    grew 4.7%, with strong growth achieved in all regions with the exception of
    Western Europe;
    * Volume of the Heineken® brand in the International Premium Segment grew by
    8.7%, outperforming the broader beer market, supported by continued success
    of the global ´Open Your World´ campaign;
    * EBIT (beia) declined slightly, on an organic basis, in line with management
    plans. This includes the impact of a EUR 23 million impairment charge
    related to an investment by the Heineken-APB (China) Pte. Ltd joint venture
    in a Chinese brewery held for sale; and
    * Net profit (beia) declined slightly, on an organic basis.

    Heineken Holding N.V. engages in no activities other than its participating
    interest in Heineken N.V. and the management and supervision of and provision of
    services to that company.

    The first quarter is seasonally less significant in terms of volume and profit
    contribution. In 2011, the first quarter represented 20% of consolidated beer
    volume and considerably less in terms of profit contribution.

    Financial results

    Reported revenue of HEINEKEN grew 6.8% to EUR 3,834 million, including a
    positive first time consolidation impact of EUR 17 million (+0.5%). Foreign
    currency movements contributed to a negative translational effect on revenues of
    EUR 18 million (-0.5%) in the quarter. This primarily reflects devaluation of
    the Mexican peso, Belarusian ruble and Polish zloty, partly offset by a positive
    US dollar currency effect (all versus the euro reporting currency). On an
    organic basis, revenue increased 6.8%, with growth achieved across all regions.
    This reflects total consolidated volume growth of 3.5% and revenue per
    hectolitre growth of 3.3% following the benefit of pricing initiatives and
    improved sales mix.

    On an organic basis, EBIT (beia) declined slightly. The impact of higher revenue
    and the realisation of cost savings were partly offset by increased fixed costs
    in certain higher inflationary markets, business capability building investments
    and increased input costs. In addition, EBIT (beia) includes a EUR 23 million
    impairment charge related to non-completion of the proposed sale of Jiangsu
    Dafuhao Breweries Co. Ltd within the Heineken-APB (China) Pte. Ltd (HAPBC) joint
    venture. The amount of this impairment reflects HEINEKEN´s economic share of the
    HAPBC joint venture.

    Reported net profit of Heineken N.V. was EUR 175 million compared with EUR 151
    million in the first quarter of 2011. This includes a EUR 20 million revaluation
    gain following an increase in HEINEKEN´s shareholding in Brasserie Nationale
    d´Haiti S.A. in January 2012 that was treated as an exceptional item.

    Change in consolidation scope in the first quarter of 2012

    * The main consolidation scope changes having an impact on financial results
    in the first quarter of 2012 include:
    * The acquisition of the beer operations of the Sona group in Nigeria,
    consolidated from 12 January 2011;
    * The acquisition of the Harar and Bedele breweries in Ethiopia, consolidated
    from 4 August 2011;
    * The acquisition of the Galaxy Pub Estate in the United Kingdom, consolidated
    from 2 December 2011; and
    * The acquisition of additional shares in the joint venture company Pivara
    Skopje in Macedonia, was completed and consolidated from 16 December 2011.

    On 17 January 2012, HEINEKEN completed the acquisition of a  controlling stake
    (from 22.5% to 95%) in Brasserie Nationale  d´Haiti S.A., in Haiti. This will be
    consolidated from the second  quarter of 2012.
    Full year outlook

    HEINEKEN reaffirms its 2012 outlook as stated in the full year 2011 earnings
    release dated 15 February 2012.

    Financial structure

    For the first time in HEINEKEN´s 148 year history, HEINEKEN was assigned public
    credit ratings on 7 March 2012. HEINEKEN received solid investment grade credit
    ratings by Moody´s Investor Service (Baa1) and Standard & Poors (BBB+), both
    with stable outlooks. These ratings reflect HEINEKEN´s robust capital structure
    and strong cash flow generation. The ratings were assigned to HEINEKEN´s
    European Medium Term Note (EMTN) Programme, which was updated on 7 March 2012.

    On 19 March 2012, HEINEKEN placed EUR 1.35 billion of Notes under its EMTN
    Programme comprising of EUR 850 million of 7-year Notes with a coupon of 2.5%
    and EUR 500 million of 12-year Notes with a coupon of 3.5%. On 3 April 2012,
    HEINEKEN placed US$750 million of 10-year 144A/RegS US Notes with a coupon rate
    of 3.4%, further improving the currency and maturity profile of HEINEKEN´s long-
    term debt. The proceeds of the offerings will be used for general corporate
    purposes.

    Investor calendar Heineken Holding N.V.

    Annual General Meeting of Shareholders (AGM) 19 April 2012

    Quotation ex-final dividend date 2011 23 April 2012

    Final dividend 2011 payable 2 May 2012

    "What´s Brewing" Webinar 23 May 2012

    Half-year 2012 results announcement 22 August 2012

    Trading update for the third quarter of 2012 24 October 2012

    Heineken Holding N.V. will host an analyst and investor conference call in
    relation to this trading update today at 10:00 CET/ 09:00 BST. The call will be
    audio cast live via the website:
    www.heinekeninternational.com/webcasts/investors. An audio replay service will
    also be made available after the conference call at the above web address.
    Analysts and investors can dial-in using the telephone numbers below:

    The Netherlands United Kingdom

    Local line: +31-(0) 45-631-6902 Local line: +44-207-153-2027

    Toll-Free: 0800-265-8611 Toll-Free: 0800-358-2337

    Press enquiries Investor and analyst enquiries

    John Clarke George Toulantas

    Head of External Communication Director of Investor Relations

    E-mail: john.g.clarke@heineken.com Lucia Bergamini

    John-Paul Schuirink Senior Investor Relations Manager

    Financial Communications Manager E-mail: investors@heineken.com

    E-mail: john-paul.schuirink@heineken.com Tel: +31-20-5239590

    Tel: +31-20-5239355

    Definitions:
    Organic growth excludes the effect of foreign currency translational effects,
    consolidation changes, exceptional items, amortisation of brands and customer
    relations. Beia refers to financials before exceptional items and amortisation
    of brands and customer relations. Group beer volume includes 100 percent of beer
    volume produced and sold by fully consolidated companies and joint venture
    companies as well as the volume of HEINEKEN´s brands produced and sold under
    license by third parties. Consolidated beer volume includes 100 percent of beer
    volume produced and sold by fully consolidated companies (excluding the beer
    volume brewed and sold by joint venture companies). Total consolidated volume
    includes volume produced and sold by fully consolidated companies (including
    beer, cider, soft drinks and other beverages), volume of third party products
    and volume of HEINEKEN´s brands produced and sold under license by third
    parties.

    Editorial information:
    HEINEKEN is a proud, independent global brewer committed to surprise and excite
    consumers with its brands and products everywhere. The brand that bears the
    founder´s family name - Heineken® - is available in almost every country on the
    globe and is the world´s most valuable international premium beer brand.
    HEINEKEN´s aim is to be a leading brewer in each of the markets in which it
    operates and to have the world´s most valuable brand portfolio. HEINEKEN wants
    to win in all markets with Heineken® and with a full brand portfolio in markets
    of choice. HEINEKEN is present in over 70 countries and operates more than 140
    breweries with volume of 214 million hectolitres of group beer sold. HEINEKEN is
    Europe´s largest brewer and the world´s third largest by volume. HEINEKEN is
    committed to the responsible marketing and consumption of its more than 250
    international premium, regional, local and specialty beers and ciders. These
    include Amstel, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster´s,
    Heineken®, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow,
    Tecate, and Zywiec. HEINEKEN´s leading joint venture brands include Cristal,
    Kingfisher, Tiger and Anchor. In 2011, revenue totaled EUR 17.1 billion and EBIT
    (beia) was EUR 2.7 billion. The number of people employed is around 70,000.
    Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock
    exchange. Prices for the ordinary shares may be accessed on Bloomberg under the
    symbols HEIA NA and HEIO NA and on the Reuter Equities 2000 Service under
    HEIN.AS and HEIO.AS. Most recent information is available on the website:
    www.theHEINEKENcompany.com.

    Disclaimer:
    This press release contains forward-looking statements with regard to the
    financial position and results of HEINEKEN´s activities. These forward-looking
    statements are subject to risks and uncertainties that could cause actual
    results to differ materially from those expressed in the forward-looking
    statements. Many of these risks and uncertainties relate to factors that are
    beyond HEINEKEN´s ability to control or estimate precisely, such as future
    market and economic conditions, the behaviour of other market participants,
    changes in consumer preferences, the ability to successfully integrate acquired
    businesses and achieve anticipated synergies, costs of raw materials, interest-
    rate and exchange-rate fluctuations, changes in tax rates, changes in law,
    pension costs, the actions of government regulators and weather conditions.
    These and other risk factors are detailed in HEINEKEN´s publicly filed annual
    reports. You are cautioned not to place undue reliance on these forward-looking
    statements, which are only relevant as of the date of this press release.
    HEINEKEN does not undertake any obligation to release publicly any revisions to
    these forward-looking statements to reflect events or circumstances after the
    date of these statements. Market share estimates contained in this press release
    are based on outside sources, such as specialised research institutes, in
    combination with management estimates.


    [1] HEINEKEN means Heineken Holding N.V., Heineken N.V., its subsidiaries and
    interests in joint venture and associates.


    Heineken Holding N.V. First Quarter 2012 Trading Update, 18 April 2012:
    http://hugin.info/136154/R/1603412/506917.pdf

    This announcement is distributed by Thomson Reuters on behalf of
    Thomson Reuters clients. The owner of this announcement warrants that:
    (i) the releases contained herein are protected by copyright and
    other applicable laws; and
    (ii) they are solely responsible for the content, accuracy and
    originality of the information contained therein.

    Source: HEINEKEN Holding NV via Thomson Reuters ONE
    [HUG#1603412]

    Wertpapiere des Artikels:
    NL0000008977

    Wertpapier: Heineken Holding

    Themen: Peso


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