2023-04-19 06:56:43
By Le Figaro with AFP
Posted update
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The Dutch brewer Heineken reported on Wednesday a net profit in the first quarter down slightly (3%), to 403 million euros, once morest 417 million euros last year, but maintains its objectives. Despite a drop in volumes, the group recorded an increase in turnover, in particular thanks to a price increase introduced to cope with the soaring cost of raw materials. The brewer’s turnover stood at 7.6 billion euros, compared to nearly 7 billion euros in the first quarter of 2022, he said in a press release. Beer sales were down 3% overall in the first quarter of 2023, on organic growth, despite performances “beyond expectations» and Europe.
The decline was mostly seen in Africa and Asia, and particularly in Nigeria and Vietnam, “key marketsfrom Heineken, the group said. “After the start of the year, Heineken sees signals of a relatively resilient Europe and risks of slowing economic growth in Asia-Pacific“, said the group. “Overall, Heineken’s full-year targets remain unchanged“, he added.
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The group, the world’s second largest brewer behind AB InBev, apologized in March for creating “ambiguityaround his promise to leave Russia following invading Ukraine, insisting he was still planning to do so. Heineken explains that it has not yet found a buyer for its Russian operations because of the difficult conditions and for reasons of bureaucracy. Founded in 19th century Amsterdam, Heineken produces and sells more than 300 brands of beer and cider, including Heineken, Strongbow and Amstel, and employs more than 85,000 people worldwide.
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