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Europe/Russia
Belgium | The world’s number one brewer expects a 10 percent drop in first-quarter earnings due to the coronavirus. Already, in the last quarter 2019, its EBITDA fell 5.5 percent – on an adjusted basis. De facto, EBITDA was down 12 percent.
Europe/Russia
Belgium | You don’t often get AB-InBev’s CEO Carlos Brito sounding contrite. 2019 was a challenging year for the brewer. “Our performance was below our expectations, and we are not satisfied with the results,” he said on 27 February 2020. This year doesn’t look much better.
Europe/Russia
Netherlands | The appointment of Dolf van den Brink, 46, as Heineken’s new CEO has created quite some buzz. There would have been the odd complaint that Mr van den Brink is neither black nor a woman. Ah well. But he will still be the brewing industry’ youngest executive.
Europe/Russia
Germany | Why will German beer sales continue to swoon? Blame it on an upside-down population pyramid. Baby boomers are about to approach retirement, while German brewers will find themselves short of 20 million consumers aged 20 to 60 years in the next two decades.
Europe/Russia
Netherlands | On 11 February 2020, the Supervisory Board of Heineken announced the upcoming succession of Chairman of the Executive Board and CEO Jean-François van Boxmeer, following his 15-year-long leadership of the firm.
Europe/Russia
Belgium | As BRAUWELT international predicted, AB-InBev has announced some leadership changes ahead of its Full Year 2019 results presentation at the end of this month. On 6 February 2020, AB-InBev said that CFO Felipe Dutra, 50, is stepping down from his position, as part of a wider shakeup.
Europe/Russia
Netherlands | Heineken saw another year of “superior top-line growth”, thanks to a strong performance in the second half of 2019. Beer volumes were up 3.1 percent, net revenue 5.6 percent and operating profit 3.9 percent.
Europe/Russia
Denmark | Times are a-changing. Ten years ago, Russia was Carlsberg’s big profit spinner. Today, most of the Danish brewer’s growth comes from Asia.
Europe/Russia
Belgium | It would be a symbolic sacrifice if AB-InBev were to part with its current Chief Financial Officer, Felipe Dutra, in order to improve its standing with analysts and investors. Mr Dutra has been CFO of the world’s major brewer for 15 years.
Europe/Russia
The Netherlands | January’s electronics sales are upon us. So why not use the discounts and splash out on one of Heineken’s draught systems? The discounts available are wide-ranging, though.
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BRAUWELT on tour
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BRAUWELT on tour
