Heineken‘s net profit increased
Heineken said that in 1999 net profit rose by 16% to 516.4 million Euros from 445 million the previous year, on sales of 7.148 billion, compared with 6.272 billion a year earlier. Operating profit as a percentage of sales increased to 11.2% from 10.5%.
While the European beer market was stable in 1999, the company registered organic growth of 3%, with nearly all European operating companies contributing to the growth and increased market share. Sales in France and the Netherlands were slightly higher than the year before; so were sales in Greece. Zywiec in Poland had made a "positive contribution" to operating profit. At El Aguila in Spain, nearly all brands increased their market share and profit was higher, too. In the U.S. According to Mr.S. Vuursteen.4% to 100%..
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