Heineken, the world’s second-largest brewer, reported higher earnings on increased sales in the first half of 2017 as investment in innovations kicked in and its premium brands accounted for a larger share of total revenues.
Amsterdam-based Heineken said on Monday sales volume was 2.6% higher around the world, while its top brand, Heineken, booked a 3.9% gain in the first half.
‘We booked strong results with all four of our sales regions contributing to autonomous sales growth, turnover and operating profit,’ said Heineken CEO Jean-François van Boxmeer.
Turnover was 5.7% higher at €10.5bn, while gross operating profit was €1.8bn, a 5.9% increase over the year-earlier period. Net profit came in at €871m, a 48.6% gain. In the first half of 2016, Heineken’s net profit halved due to write-offs in Congo.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.