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Today, Heineken reported a first-half jump in sales and volumes. Here, just-drinks takes a closer look at the group's performance in the six months to the end of June by region.

Heineken Half-Year 2017 - Net Volumes by Region

Source: Company results

  • Africa, Middle East & Eastern Europe - Organic sales +12%, Beer volumes +2%

Beer volumes were down in Nigeria, Heineken's core African market, amid an economic recession. However, the brewer said declines were "more than offset" by strong growth in Ethiopia and South Africa. Sales per hectolitre growth of 12% drove sales, the company, said but analysts warned that inflation in Africa played a part in the growth. In Russia, volumes declined low single digit.

  • Americas - Organic sales +6%, Beer volumes +3%

Volumes growth in Mexico drove performance as Brazil, Panama and the US declined. Mexico's strong economy was behind the country's growth, Heineken said, whereas Brazil's economic woes were to blame for its decline. The brewer said that its acquisition of Brasil Kirin, completed on 31 May, should boost potential for further premiumisation. Heineken's US Mexican beer portfolio showed weakness after a spate of strong growth - both Tecate and Dos Equis were down in volumes.

  • Asia Pacific - Organic sales +5%, Beer volumes +6%

Beer volumes were strong in the region, but brand Heineken results were disappointing. The premium lager's volumes dropped 7% in Asia-Pacific because of weakness in China and Vietnam, Heineken said. Vietnam was hampered by an earlier Tet festival.

  • Europe - Organic sales +4%, Beer volumes +2%

Volume growth was driven by France, Italy, Spain and Portugal amid declines in Poland and Greece. In the UK, beer volumes declined low single digit in the wake of listing changes in Tesco supermarkets.


Sectors: Beer & cider, Company results

Companies: Heineken

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