Heineken – A Mixed Geographic Picture
Heineken N.V. (AMS:HEIA) (OTCMKTS:HEINY)’s first half net revenue rose 14.1% organically to €10.0bn, driven by an 8.2% increase in total volumes and a 5.5% increase in revenue per hectolitre. Consolidated beer volume rose 9.6%. Underlying operating profit rose 109.3% to €1.6bn as the group recovered after a difficult first half in 2020. Compared to 2019 operating profit is still down 9%. Q2 2021 hedge fund letters, conferences and more Heineken expects costs to increase in the second half of 2021 and in 2022, partly due to increased commodity prices. Management plans to be “assertive on pricin...