Tuesday 19 June 2018

Heineken guides for lower margin growth in 2018

Stock picture
Stock picture

Heineken NV, the world's second largest brewer, said today that it expected its operating margins to expand by less than previously, citing a volatile market environment.

The Dutch brewer, whose Heineken lager is the top seller in Europe, had a target of increasing its operating margin by 40 basis points per year between 2014 and 2017 and said it expected this margin to increase by 25 basis points in 2018.

Operating profit before one-offs in 2017 came in at €3.76bn, a gain of 6.2pc, and in line with the average forecast in a Reuters poll of €3.75bn.

Reuters

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