• Half-year net profits dip by 1.8% to EUR721m (US$962m)
  • Sales in six months to end of June slip by 0.9% to EUR9.27bn
  • Operating profits inch up by 1% to EUR1.24bn
  • Volumes rise by 3.1%, driven by Africa Middle East, the Americas and Western Europe. Q2 shows volume improvements in Asia Pacific
  • In-depth look at H1 performance available here
Heineken released its half-year results earlier today

Heineken released its half-year results earlier today

Heineken has reported a slight fall in half-year profits on flat sales in the period.

The 0.9% decrease in sales in the first six months of 2014 indicate an improving performance in the second quarter: Sales in the first quarter fell by 2.6%.

Outlook

"Whilst the economic outlook remains mixed, Heineken expects positive volume development over the remainder of the year, with an underlying growth rate slightly below the first half of the year. This volume growth will be led by developing markets in the Africa Middle East, Asia Pacific and Americas regions.

"Heineken expects revenue per hectolitre growth in the second half of 2014 to moderate versus the first half of the year primarily due to a negative country mix effect.

"Overall, Heineken expects healthy organic revenue growth for the full- year 2014 with an unfavourable impact on reported revenues from foreign currency translational movements."

Heineken's share price rose this morning following the release of the results: At 0928 CEST, they were trading 6.88% up at EUR56.48.

For a full summary of Heineken's performance by region, click here.

To read coverage of the company's post-results analysts' conference call, click here

For a company-sourced interview with Heineken's CFO that looks at the results, click here.

To read the company's full announcement, click here.