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Heineken N V reports on 2021 first-quarter trading
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Heineken N V reports on 2021 first-quarter trading
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Highlights:
Consolidated beer volume -8.1% organically
Heineken® volume resilient -0.4%
Net profit (beia) €1,154 million, -49.4% organically
Diluted EPS (beia) €2.00 (2019: €4.38)
EverGreen strategic review update:
Deliver superior and profitable growth in a fast-changing world
Placing consumers and customers at the core, enhance our portfolio and strengthen our digital route to consumer
Raise the bar on sustainability and on our people agenda
Step up in productivity starting with €2 billion gross savings through 2023to fund our journey
Restore operating profit margin (beia) to around 17% by 2023 and gear for operating leverage beyond
TOP-LINE PERFORMANCE
COVID-19 continues to have a material impact on our top-line performance, affecting all geographies and markets as governments across the world taking measures to mitigate the contagion including restricted population movement, social distancing, outlet closures and temporary lockdowns of production facilities.
2020 full year results highlights:
Net revenue (beia) organic growth -11.9%; per hectolitre -2.4%
Consolidated beer volume -8.1% organically
Heineken volume resilient -0.4%
Net profit (beia) €1,154 million, -49.4% organically
Diluted EPS (beia) €2.00 (2019: €4.38)
EverGreen strategic review update:
Placing consumers and customers at the core, enhance our portfolio and
strengthen our digital route to consumer
Raise the bar on sustainability and on our people agenda
Step up in productivity starting with €2 billion gross savings through 2023
to fund our journey
for operating leverage beyond
Dolf van den Brink, Chairman of the Executive Board / CEO, commented: In a year of unprecedented disruption and transition, our teams rose to the occasion and quickly adapted while not losing sight of the need to continue investing for the future. The impact of the pandemic on our business was amplified by our on-trade and geographic exposure. We took diligent cost mitig