just The Preview - Heineken Q3 & YTD
Heineken will release its YTD results on Wednesday
Heineken will report its third-quarter and year-to-date results on Wednesday (23 October). Here just-drinks takes a look at the company's highs and lows in the three months to the end of September.
- In early-July, the brewer confirmed its intention to sell off its Hartwell division in Finland to Denmark's Royal Unibrew for EUR470m (US$613m). The move is in Hartwall's best interests, Heineken said.
- Also in July, Heineken's Mexican unit and Anheuser-Busch InBev's Grupo Modelo received approval from the country's Federal Trade Commission for their commitments following SABMiller's charges of monopolistic practices in the country's brewing sector. The concessions were dismissed by SABMiller a day later, with the brewer saying that the two "did not go far enough to materially change the conditions for access to the beer market and for real competition”.
- Then, in August, the two families that control the brewer said that they plan to buy “up to a maximum” of EUR100m (US$133.3m) more shares in Heineken Holding, the unit which owns half of Heineken. The Heineken and Heyer families hold 51.083% of Heineken Holding.
- Early-September saw the head of Coca-Cola FEMSA call on Heineken to boost the bottler's margins in Brazil. Coca-Cola FEMSA handles about 40% of Heineken's sales in the country and "wants to have more leverage and to convince the Heineken people that we need better margins for the following months", said Carlos Salazar Lomelín. In response, Heineken would only say that its agreement with Coca-Cola FEMSA is "a great partnership for both companies".
In the first six months of 2013:
- Net profits fell by 11% to EUR734m (US$983m)
- Net sales were down by 7% to EUR9.35bn
- Operating profits rose by 17% to EUR1.22bn
As we start our annual series of management briefings that focus on environmental sustainability, Ben Cooper looks at the importance of integrating the issue into all aspect of a company's operations ...
Anheuser-Busch InBev Germany’s strategic direction is mainly in line with the international parent company and the company does not have a lot of room for self-governance. Partial autonomy is granted,...
In the second part of this month's management briefing, which shines the light on the importance of environmental sustainability in the brewing industry, Ben Cooper considers the impact of stakeholder...
Product Synopsis This is a detailed report covering FEMSA Comercio’s store formats, private labels, history, key employees, and key financial and operational metrics in Mexico....
In the third part of this month's management briefing, Ben Cooper reviews the environmental sustainability of three of the world's biggest brewers: Anheuser-Busch InBev, Carlsberg and Diageo....
TCCC has made significant changes in its bottling operations, which is highlighted in its re-franchising in the NA bottling operations and the birth of the new CCE in WE. Coca-Cola FEMSA’s string of a...
- Focus - Edrington's FY Performance by Brand
- Pernod relies on Indian whiskey to crack Africa
- Hail Marie Brizard: But, For How Long?
- Analysis - Storm clouds lift over Diageo Towers
- 5 reasons why Constellation's Meiomi buy works
- Comment - Diageo CFO to North America? Do the Math
- Diageo CFO Mahlan to head up N America
- Diageo sells "non-core" Gleneagles
- Former Bacardi exec takes De Kuyper CEO role
- Diageo lining up Gleneagles sale - report
- Global liqueurs insights - market forecasts, product innovation and consumer trends research
- Edrington Group in Spirits (World)
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- The IWSR Company Profile 2014 – Remy Cointreau
- Global Tequila insights - market forecasts, product innovation and consumer trends research