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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Heineken | EU:HEIA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.48 | 0.51% | 95.34 | 94.62 | 95.44 | 95.40 | 94.46 | 94.50 | 977,032 | 16:40:00 |
From May 2019 to May 2024
By Adam Clark
Heineken NV (HEIA.AE) said Wednesday that it posted a net profit of 260 million euros ($321.3 million) in the first quarter of 2018, as Asian growth helped offset a sales decline in Europe due to cold weather.
The world's second-largest brewer by sales said its consolidated beer volume rose 4.3% on an organic basis, and 15% on a total growth basis from the prior year.
Organic growth was fastest in the Asia Pacific region, at 11%, including double-digit increases in Vietnam, Cambodia, Malaysia and New Zealand.
However, in Europe, beer volume declined 1.7% on an organic basis, with the benefit of an earlier Easter period more than offset by cold weather.
Heineken said its full-year guidance remains unchanged. A FactSet consensus forecasts the brewer's 2018 net profit at EUR2.19 billion.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
April 18, 2018 03:54 ET (07:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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