COMMENT: Heineken firm results hide need for acquisitions

By Chris Brook-Carter | 12 September 2002

Despite slipping to fourth in the world order of international brewers, Heineken's first half results shows that is it is still a force to be reckoned with, and the company has out-performed its major European rivals. Operating profit for the first half of 2002 was up 13%, from €513m to €581m, representing 11.7% of net turnover compared with 11.5% in 2001. Organic growth in net turnover accounted for most of this increase.

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Despite slipping to fourth in the world order of international brewers, Heineken's first half results shows that is it is still a force to be reckoned with, and the company has out-performed its major European rivals. Operating profit for the first half of 2002 was up 13%, from €513m to €581m, representing 11.7% of net turnover compared with 11.5% in 2001. Organic growth in net turnover accounted for most of this increase.

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