Heineken N.V. reports on 2022 first-quarter trading
Heineken N.V. reported a robust trading update for Q1 2022, with revenue growth of 35.9% to €6,989 million, compared to €5,145 million in Q1 2021. Net revenue (beia) experienced a 24.9% organic growth, reaching €5,753 million. Beer volume rose by 5.2% organically, with premium volume up 6.3%. The company remains optimistic despite anticipated inflationary pressures and plans to manage costs through pricing strategies. The full-year outlook for 2022 remains unchanged amidst macroeconomic uncertainties.
- Revenue increased by 35.9% to €6,989 million.
- Net revenue (beia) grew organically by 24.9%.
- Beer volume rose 5.2% organically.
- Premium beer volume increased 6.3%.
- Heineken® brand volume grew by 12.9%.
- Expectations of additional inflationary headwinds impacting cost base.
Amsterdam, 20 April 2022 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) publishes its trading update for the first quarter of 2022.
| Key Highlights |
- Revenue growth
35.9% - Net revenue (beia) organic growth
24.9% ; per hectolitre18.3% - Beer volume
5.2% organic growth; premium volume6.3% organically - Heineken® volume growth
12.9% - Outlook for full year 2022 unchanged
| CEO Statement |
Dolf van den Brink, Chairman of the Executive Board / CEO, commented:
"We had a solid start to the year, in line with our expectations, especially benefitting from strong channel mix from the partial on-trade recovery of Europe and assertive pricing across all regions. We continue to make progress on EverGreen and launched Heineken® Silver in Europe to drive premiumisation at scale. Looking ahead, we see more macro-economic uncertainty and expect significant additional inflationary headwinds putting further pressure on our cost base. We will take additional actions including pricing to manage these challenges whilst we continue to invest in superior, balanced growth and sustainable value creation."
| Driving Superior Growth |
Revenue for the first quarter of 2022 was
| Revenue1 | ||||||||
| (in € million or %) | 1Q22 | Total growth | Organic growth | 1Q21 | ||||
| Revenue (IFRS) | 6,989 | | 5,145 | |||||
| Net revenue (beia) | 5,753 | | 4,307 |
Beer volume grew
| Beer volume | ||||||
| (in mhl or %) | 1Q22 | Organic growth | 1Q21 | |||
| Heineken N.V. | 56.4 | | 50.3 | |||
| Africa, Middle East & Eastern Europe | 9.8 | | 9.4 | |||
| Americas | 19.7 | | 19.4 | |||
| Asia Pacific | 11.5 | | 7.7 | |||
| Europe | 15.5 | | 13.8 |
| Enquiries |
| Media | Investors | |
| Sarah Backhouse | José Federico Castillo Martinez | |
| Director of Global Communication | Director of Investor Relations | |
| Michael Fuchs | Robin Achten / Anna Nawrocka | |
| Corporate & Financial Communication Manager | Senior Investor Relations Analysts | |
| E-mail: pressoffice@heineken.com | E-mail: investors@heineken.com | |
| Tel: +31-20-5239355 | Tel: +31-20-5239590 |
Editorial information:
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 82,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on our Company's website and follow us on LinkedIn, Twitter and Instagram.
Market Abuse Regulation
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer:
This press release contains forward-looking statements with regard to the financial position and results of HEINEKEN's activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond HEINEKEN’s ability to control or estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN's publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.
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1 Refer to the Glossary for an explanation of organic growth and other terms used throughout this report.
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