NETHERLANDS: Heineken must "make further acquisitions"

By Chris Brook-Carter | 12 September 2001

Heineken must make further acquisitions to drive earnings, analysts have said following Heineken's announcement of profits up 19.6% from Euro249m (US$225m) to Euro298m today. Turnover was up 14% driven mostly by the consolidation of earnings from Nigerian Breweries. But organic growth accounted for only a 1% increase, the remainder derived from improved sales mix and higher selling prices.

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Heineken must make further acquisitions to drive earnings, analysts have said following Heineken's announcement of profits up 19.6% from Euro249m (US$225m) to Euro298m today. Turnover was up 14% driven mostly by the consolidation of earnings from Nigerian Breweries. But organic growth accounted for only a 1% increase, the remainder derived from improved sales mix and higher selling prices.

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