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2020-10-28

Heineken N.V. reports on 2020 third-quarter trading

Amsterdam, 28 October 2020 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today publishes its trading update for the third quarter of 2020.

KEY HIGHLIGHTS

  • Beer volume -1.9% organically for the quarter; -8.1% for the first nine months
  • Heineken® volume +7.1% in the quarter; +1.0% for the first nine months
  • HEINEKEN's current strategic review aims to accelerate a return to profitable growth in a fast-changing post-COVID world, including simplifying and right-sizing its cost base

Dolf van den Brink, Chairman of the Executive Board / CEO, commented:

"Our performance during the third-quarter continued to be impacted by the COVID-19 crisis. As many lockdowns eased, our volumes improved sequentially compared to the last quarter.

We outperformed the category across most of our key markets, with Heineken® showcasing a stellar performance. We continued strict cost mitigation actions whilst balancing investments behind our brands and future growth opportunities.

The situation remains highly volatile and uncertain. We expect rolling outbreaks of COVID-19 to continue to meaningfully impact many of our markets in addition to rising recessionary pressures.

As we navigate the crisis, we are deliberately shaping how to adapt and emerge stronger from the pandemic. I am proud of the relentless drive of our employees and the agility they continue to demonstrate, taking care of one another, our customers, suppliers and communities."

THIRD QUARTER VOLUME BREAKDOWN

Beer volume1
(in mhl or %)
3Q20 Organic

growth
  Total

growth
   YTD 3Q20 Organic

growth
  Total

growth
 
Heineken N.V. 62.9  -1.9  % -2.1  %  165.4  -8.1  % -8.3  %
Africa, Middle East & Eastern Europe 10.3  -2.5  % -2.5  %  28.4  -11.5  % -11.5  %
Americas 22.0  2.5  % 2.1  %  56.6  -9.0  % -9.1  %
Asia Pacific 6.6  -12.3  % -12.3  %  20.5  -7.3  % -9.7  %
Europe 24.0 
Författare HEINEKEN NV

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