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2021-10-27

Heineken N.V. reports on 2021 third-quarter trading

Amsterdam, 27 October 2021 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today publishes its trading update for the third quarter of 2021.

KEY HIGHLIGHTS

  • Beer volume -5.1% organically for the quarter; +4.0% for the first nine months
  • Heineken® volume +8.0% in the quarter; +15.1% for the first nine months
  • Full year expectations unchanged

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

"As anticipated, our Asia Pacific region was deeply impacted by the pandemic in the third-quarter. We see first signs of recovery and I admire the resilience and solidarity of our people as we navigate these challenges.

Our new EverGreen strategy is gathering momentum across the organisation. We continue to revitalise our portfolio with emphasis on premium, low- and no-alcohol and beyond beer. The Heineken® brand sustained its strong growth, +15.1% for the first nine months. Our B2B digital platforms more than doubled in digital sales value.

We began the integration of United Breweries in India and continue to be enthusiastic about the long-term opportunities ahead.

Yet the macro environment remains volatile and we are responding accordingly. We are taking an assertive approach to pricing and cost across all of our markets to meet this challenge. Therefore, our expectations stay unchanged, with full year results remaining below 2019."

THIRD QUARTER VOLUME BREAKDOWN

Beer volume13Q21
     Organic growthTotal growthYTD 3Q21Organic growthTotal   growth
(in mhl or %)
Heineken N.V.60.2 -5.1 %-4.3 %170.1  4.0 %2.8 %
Africa, Middle East & Eastern Europe9.6 5.5 %-6.6 %28.8  12.7 %1.1 %
Americas21.2 -3.4 %-3.7 %61.5  8.9 %8.6 %
Asia Pacific5.9 -37.4 %-10.2 %19.5  -12.7 %-4.7 %
Europe23.5 -2.3 %-2.1 %60.3  1.0 %0.7 %
            
Heineken® volume13Q21
Organic growthYTD 3Q21Organic growth    
(in mhl or %)    
Heineken N.V.12.8 8.0 %35.5  15.1 %    
Afr...
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