Heineken Holding N.V. reports 2021 half year results

Amsterdam, 2 August 2021 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces:

KEY HIGHLIGHTS

• The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2021 amounts to €517 million
• Net revenue (beia) €9,971 million, +14.1% organic growth
• Net revenue (beia) organic growth per hectolitre +5.5%
• Consolidated beer volume organic growth +9.6%
• Heineken volume +19.6%
• Operating profit (beia) organic growth +109.3%
• Net profit (beia) €896 million, +320.3% organic growth
• EverGreen strategy deployment at HEINEKEN has started
• Full year expectations unchanged: financial results to remain below 2019.
   
  

FINANCIAL SUMMARY¹

IFRS Measures	€ million		Total growth			BEIA Measures	€ million	Organic growth2
Revenue	11,970		7.3	%		Revenue (beia)	11,970	13.1	%
Net revenue	10,010		8.3	%		Net revenue (beia)	9,971	14.1	%
Operating profit	1,717		1,920.0	%		Operating profit (beia)	1,628	109.3	%
						Operating profit (beia) margin	16.3%
Net profit of Heineken Holding N.V.	517		448.1	%		Net profit (beia)	896	320.3	%
Diluted EPS (in €)	1.80		446.2	%		Diluted EPS (beia) (in €)	1.56	295.5	%
						Free operating cash flow	650
						Net debt / EBITDA (beia)3	3.0x

¹ Consolidated figures are used throughout this report unless otherwise stated; please refer to the Glossary for an explanation of non-GAAP measures and other terms used throughout this report.