Heineken Holding N.V. reports 2019 full year results - Seite 2

² Organic growth shown, except for Diluted EPS (beia) which is total growth. The impact from IFRS 16 is reflected on all metrics, but is excluded from the organic growth calculation.
³ Includes acquisitions and excludes disposals on a 12 month pro-forma basis and includes the first time impact of IFRS 16.

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

 

FULL YEAR 2020 OUTLOOK STATEMENT

For 2020, HEINEKEN anticipates its business to deliver:

• A superior top-line growth driven by volume, price and premiumisation
• A low-single digit increase of input costs per hectolitre, with the benefit of lower prices in some commodities largely offset by transactional currency headwinds
• Continued cost management initiatives and productivity improvements to fuel investment behind our brands, innovation, e-commerce platforms, technology upgrades and sustainability programmes.

As a result, HEINEKEN currently expects operating profit (beia) to grow by mid-single digit on an organic basis, barring major negative macro economic or political developments. In particular it is at this stage not possible to assess the extent and duration of the impact of Coronavirus on the economy and on HEINEKEN's business.

HEINEKEN also anticipates:

• An average interest rate (beia) broadly in line with 2019 (2019: 2.9%)
• An effective tax rate (beia) broadly in line with 2019 (2019: 27.6%)
• Capital expenditure related to property, plant and equipment of around €2 billion (2019: €1.9 billion).

 

TOTAL DIVIDEND FOR 2019

The Heineken N.V. dividend policy is to pay out a ratio of 30% to 40% of full year net profit (beia). For 2019, payment of a total cash dividend of €1.68 per share (2018: €1.60) will be proposed to the Annual General Meeting of Shareholders of Heineken N.V. on 23 April 2020 ("2020 AGM"). This represents an increase of 5.0% versus 2018, translating into a 38.4% payout. If approved, a final dividend of €1.04 per share will be paid on 7 May 2020, as an interim dividend of €0.64 per share was paid on 8 August 2019. The payment will be subject to a 15% Dutch withholding tax.