(CercleFinance.com) – Heineken reported better-than-expected annual results on Wednesday, mainly due to cost reductions since its activity has not yet returned to pre-pandemic levels.
The Dutch brewer posted operating profit last year, growing organically by 43.8% to 3.4 billion euros, more than the average figure expected by analysts.
Its net turnover increased by 12.2% on a like-for-like basis in 2021, to 21.9 billion euros, again beyond the consensus which aimed for 21.5 billion.
It was in the Africa, Middle East and Eastern Europe region that its organic growth was the most sustained (+10.4%), followed by the Americas zone (+8.2%) and Europe (+3.8%).
Addressing its outlook, Heineken believes that the pace of recovery is still ‘uncertain’, particularly given the ‘significant’ inflationary pressures observed at the moment.
The group therefore says it expects a “stable” evolution or even a “modest” improvement in its operating margin this year, a rather cautious forecast which meant that the action only rose by 1.3% on Wednesday morning on the stock market. from Amsterdam.
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