Heineken Revenue Up 4.6% in 3d Period

Heineken N.V. reports third quarter revenue rose 4.6% to 8.09 billion Euros on a 4.8% increase in volme, which advanced to 76 million hectoliters.

The company said it was profitable in all regions and held or gained share in two-thirds of its markets. Other important metrics:

• Premium volume grew 11.5%, significantly ahead of the total portfolio.
• Global brands volume grew 9.9% (YTD: 6.9%), with all five brands in growth, and Heineken^® up 9.7% (YTD: 6.8%).
• Mainstream volume increased 2.4% (YTD: 0.3%), with our local power brands outperforming.
• Low & no-alcohol grew in the double-digits, led by Heineken^® 0.0 and Heineken^® Ultimate.
• Beyond beer volume grew in the mid teens, supported by Desperados innovations.

"We delivered good volume growth of 5%, with positive contributions from all regions, and strong delivery from our global brands and priority segments in particular. This gives us confidence to confirm our full-year outlook," said Rafa Oliveira, chief executive officer.

"Joining Heineken at a time when our teams are delivering solid results while remaining focused on implementing our strategy is a real privilege. My first impressions are positive, particularly the strength of our brands, the commitment of our people, and the growth potential across our geographic footprint," he said, adding:

"We have strong foundations, but we are not translating them into consistent growth and winning with consumers and customers as often as we should. There is more to do to sharpen execution, increase pace, and build a stronger performance culture, with greater accountability across the business.

Oliveira said his first weeks with Heineken has been focused on "listeneing, learning and understanding." He will more when the annual results are announced.,