Dutch brewery group Heineken has outperformed analysts' expectations over the past 6 months, both in terms of turnover and profit. It also gained a bit of market share, which is now at 8.8 %.
Sale of bottling plant contributed to profit
In the first 6 months of 2015, Heineken managed a 10.93 billion euro turnover, up 7.2 % compared to last year. On a like-for-like basis, turnover grew a steady 2 %, while net profit nearly doubled compared to last year: up to 1.144 billion euro. The sale of its Mexican bottling plant Emqaque added 375 million euro to that number though.
Volume-wise, sales grew 1.7 % to 98.2 million hectoliters, while like-for-like growth reached 1 %. The Dutch company did have to deal with a volume drop in Central and Eastern Europe, but still managed to beat analysts' expectations. Those estimated the company would reach a 10.66 billion euro turnover, with a 973 million euro net profit and 97.5 million hectoliters in volume.