Better safe than sorry
For the first half of 2001, Heineken’s net profit from ordinary activities rose 20% from €249 million to €298 million. Net turnover increased 14% or €556 million from €3,893 million in the first half of 2000 to €4,449 million in this first half of 2001. This increase was mainly driven by the consolidation of earnings from Nigerian breweries. Group volume reached 37.2 million hl of beer, 8% higher than in the corresponding period in 2000.
In the countries where the Heineken brand is positioned in the premium segment the sales volume was 10% higher. The US, Spain, France, Thailand and Italy accounted for most of this growth. Global sales of the Heineken brand rose 5% to just over 11 million hl.
For the whole of 2001 Heineken had expected net profit growth of at least 15%..
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