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    HEIO   NL0000008977

HEINEKEN HOLDING N.V.

(HEIO)
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Heineken NV Swings to 1st Half Net Profit; Backs 2021 View

08/02/2021 | 01:33am EDT

By Ian Walker

Heineken NV on Monday reported a swing to net profit for the first half and backed its full-year expectations.

The Dutch brewer said it expects earnings for the year to remain below 2019. The rise in commodity costs are expected to start affecting the business in the second half of the year and have a material affect in 2022, it said.

Heineken made a net profit for the half year of 1.03 billion euros ($1.22 billion) compared with a loss of EUR297 million in the year-earlier period.

Beia net profit--one of the company's preferred metrics--rose to EUR896 million compared with EUR227 million for the first half of last year. Beia is before exceptional items and amortization of acquisition-related intangible assets.

Net revenue for the period rose to EUR10.01 billion compared with EUR9.24 billion for the first half of 2020.

The brewer said volume for the Heineken brand rose 20% organically on year.

The board has declared an interim dividend of 28 European cents.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

08-02-21 0132ET

Stocks mentioned in the article
ChangeLast1st jan.
HEINEKEN HOLDING N.V. 0.59% 76.3 Real-time Quote.-1.56%
HEINEKEN N.V. 0.88% 91.6 Real-time Quote.-0.48%
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Analyst Recommendations on HEINEKEN HOLDING N.V.
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Financials
Sales 2021 21 832 M 25 611 M 25 611 M
Net income 2021 1 808 M 2 120 M 2 120 M
Net Debt 2021 13 901 M 16 307 M 16 307 M
P/E ratio 2021 24,2x
Yield 2021 1,40%
Capitalization 21 847 M 25 600 M 25 629 M
EV / Sales 2021 1,64x
EV / Sales 2022 1,49x
Nbr of Employees 80 000
Free-Float 35,1%
Chart HEINEKEN HOLDING N.V.
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Heineken Holding N.V. Technical Analysis Chart | HEIO | NL0000008977 | MarketScreener
Technical analysis trends HEINEKEN HOLDING N.V.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 75,85 €
Average target price 95,00 €
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Jean-Franšois M. L. van Boxmeer Chief Executive Officer & Non-Executive Director
Laurence Debroux Chief Financial Officer
Maarten Das Non-Executive Chairman
Ronald den Elzen Chief Digital & Technology Officer
Annemiek M. Fentener van Vlissingen Independent Non-Executive Director
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