Heineken is back on the front foot

Dutch brewery group Heineken managed to sell more beer in the first half of 2017. It even managed to sell more in regions that previously struggled with sales volumes, namely Africa, the Middle East and Eastern Europe.

Growth in every region

Over the first six months of 2016, Heineken sold an additional 2.6 %, mainly thanks to strong second quarter performances. Asian volumes grew the most, up 6.3 %, but there was also a 1.5 % autonomous growth in Africa, the Middle East and Eastern Europe. Heineken’s volume grew 3.9 %.

Turnover in the first half of the year grew 3.8 % to 10.475 billion euro and net profit grew 48.6 % to 871 million euro. A devaluation of its Congolese activities in 2016 helped boost its 2017 net profit by comparison.

“We delivered strong results in the first half year, with all four regions contributing positively to organic growth in volume, revenue and operating profit. Whilst economic conditions are likely to remain volatile, our expectations for the full year are unchanged”, CEO Jean-François Boxmeer said.