heineken group annual report 2021

We have also addressed most of our value-dilutive operations, including restructuring of our businesses in the Philippines and Lebanon; whilst making steady progress towards sustained scale and profitability in recent market entries like Ecuador and Peru. Subject to his re-appointment he will continue to be the Chairman of the Supervisory Board. A non-binding nomination for the reappointment of Mr. Fernndez Carbajal for a period of four years shall also be submitted to the AGM. Data on Fair Wages is obtained through the Fair Wage Network. Tweede Weteringplantsoen 5 We delivered a strong set of results in 2021 in a challenging and fast-changing environment. Beer volume grew 4.6% organically for the full year. +49-211-797-3937. Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. Many of these risks and uncertainties relate to factors that are beyond HEINEKENs ability to control or estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, prices of commodities and other goods and services, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. At a year-end price of 81.15 on 31 December 2021, the market capitalisation of Heineken Holding N.V. as at the balance sheet date was 23.4 billion. While our percentage of women in senior management has doubled from a decade ago, much opportunity remains in terms of gender diversity. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. We delivered a strong set of results in 2021 in a challenging and fast-changing environment. If approved, a final dividend of 0.96 per share will be paid on 3 May 2022, as an interim dividend of 0.28 per share was paid on 11 August 2021. E-mail: pressoffice@heineken.com 3 Includes acquisitions and excludes disposals on a 12 month pro-forma basis. Driving premiumisation at scale, led by Heineken. Operating profit increased to 4,483 million (2020: 778 million) driven by the performance this year, the remeasurement to fair value of the previously-held equity interest in UBL in India, and the impact from exceptional items in 2020, mainly impairments. We continue working with SBTi to validate our long-term 2040 target. Price mix was up 10.3% on a constant geographic basis, mainly driven by strong premiumisation and pricing in Brazil with net revenue (beia) per hectolitre growing in the thirties. 2021 Olvi Group's Annual Report 2021 2020 Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on Twitter via @HEINEKENCorp. We enhanced the repertoire of flavours of Dr Diesel with the introduction of Strawberry Lime mix, with reduced calories and no sugar. An effective tax rate (beia) of around 28% (2021: 29.9%), back to the level of 2019. HEINEKEN has 576,002,613 shares in issue. Looking ahead, although the speed of recovery remains uncertain and we face significant inflationary challenges, we are encouraged by the strong performance of our business and how EverGreen is taking shape. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for 2021 amounts to 1.663 million Net revenue (beia) organic growth 12.2%; per hectolitre 8.3% Consolidated beer volume 4.6% organic growth Heineken volume growth 17.4%, well ahead of 2019 Gross savings close to 1.3 billion, on-track to deliver 2 billion by 2023 In the fourth quarter, beer volume grew 6.2%, benefiting from fewer restrictions in Europe relative to last year, continued momentum in the Americas and AMEE, and a sequential recovery in Asia Pacific (APAC) relative to the third quarter. Archive of all Financial Reports. A non-binding nomination for the appointment of Mr. Camacho Beltrn for a period of four years shall be submitted to the AGM. We commit 10% of all Heineken media spend to advance responsible consumption campaigns and to make moderation cool. The net profit for 2021 was 3,324 million (2020: 204 million loss). While our percentage of women in senior management has doubled from a decade ago, much opportunity remains in terms of, Our ambition is to make 0.0 alcohol options available for consumers everywhere so that there is, We will continue to use the power of our flagship brand to promote moderation. Heineken N.V. Operating profit (beia) grew 89.0% driven by broad-based growth across the region, particularly South Africa, Nigeria, Egypt, Lebanon, the DRC, Ethiopia and Mozambique. In the USA, beer volume grew by a low-single-digit, ahead of the market, driven by Heineken, Dos Equis and our innovations. The growth was broad-based with more than 60 markets growing double-digits in 2021. Currency translation negatively impacted net revenue (beia) by 515 million or 2.6%, mainly driven by the Brazilian Real and the Nigerian Naira. The organic increase was 103 million, mainly driven by the strong performance of Cerveceras Chilenas Unidas S.A (CCU) and CRB. The weighted average diluted number of shares outstanding was 575,969,395 (2020: 575,821,605). This call will also be accessible for HeinekenHolding N.V. shareholders. In Ethiopia, beer volume grew in the low-teens, in line with the market, led by the strong growth of Harar and Bedele. We are expanding and enhancing our strong market positions with assertive commercial strategies, disciplined cost management, and capital efficiency to ensure we deliver balanced and profitable growth. Annual Report 2021. Mr C.A.G. Heineken annual revenue for 2020 was $22.52B, a 16.11% decline from 2019. Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. We accelerated premiumisation at scale via our international brands portfolio, complementing Heineken in addressing specific consumer needs. Media enquiries . Cover image. Annual Reports. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. In this article: Amsterdam, 25 February 2022 - Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) today announced that it has published its 2021 Annual Report. Beer volume grew 4.6% organically for the full year. Other net finance expenses (beia) amounted to 94 million, down 22.2% on an organic basis, driven by a lower negative impact from currency revaluations on outstanding foreign currency payables. Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on Twitter via @HEINEKENCorp. We accelerated the deployment of HeiShop, our B2B platform, connecting 100,000 active customers by the end of the year. This investment will be partially offset by further delivery of gross savings from our productivity programme. An audio replay service will also be made available after the webcast at the above web address. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Furthermore, HEINEKEN expects headwinds in input costs in the second half of 2021 and a material impact from commodity costs in 2022. de Carvalho (1991) is a national of the Netherlands and the United Kingdom. 1 2021 volume reflects the shift of malt-based, unfermented, non-alcoholic drinks from Beer to Non-Beer Volume. Accept cookies to experience the full functionality of this page. The proposed reappointment is a deviation of the maximum number of terms for reappointment set out in the Dutch Corporate Governance Code, but is in accordance with the Articles of Association of the Company. (events also accessible for Heineken Holding N.V. shareholders). HEINEKEN's growth in premium is led by Heineken, up 17.4%, significantly outperforming the total beer market and well ahead of 2019. These and other risk factors are detailed in HEINEKENs publicly filed annual reports. Exceptional items & amortisation of acquisition-related intangibles (eia). By the end of 2021, we reached 3.1 hl/hl and 3.4 hl/hl, respectively. Tweede Weteringplantsoen 5 Cider volume grew by a mid-single-digit to 4.9 million hectolitres (2020: 4.6 million), mainly driven by Strongbow following the recovery of South Africa and the acquisition of the brand in Australia. Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announces: We delivered a strong set of results in 2021 in a challenging and fast-changing environment. For 2021, HEINEKEN will apply its regular policy and pay an interim dividend of 0.28 per share (2020: nil) on 11 August 2021. We launched Dos Equis Ultra Lager, the first Mexican Ultra, to further accelerate premiumisation. 2021. Applying spot rates as of 14 February 2022 to the 2021 financial results as a base, the calculated currency translational impact would be positive, approximately 465 million in net revenue (beia), 65 million at operating profit (beia), and 45 million at net profit (beia). HEINEKEN will offset these input cost increases through pricing in absolute terms, which may lead to softer beer consumption. In Indonesia, total volume grew in the high-teens, driven by a gradual recovery in the domestic market and the strong growth of Heineken. Our annual report, annual report for tenants and leaseholders, social value report, and financial report for the 2021 to 2022 financial year. 1 Consolidated figures are used throughout this report, unless otherwise stated. To promote gender equality in sports, Heineken announced several upcoming sponsorships of women's sports, including UEFA Women's Football and the Formula 1 W Series. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. PDF. We use cookies to optimize the website, no personal information is stored. Net profit after exceptional items and amortisation of acquisition-related intangibles was 3,324million (2020: 204million loss), driven by the same variances in exceptional items as operating profit. Accept cookies to experience the full functionality of this page. Operating profit (beia) decreased 13.5% organically, driven by Vietnam and Cambodia, partially offset by Indonesia, Malaysia and the Philippines. Total gross debt amounted to 16,873 million (2020: 18,196 million). Completion of the proposed transaction is conditional on obtaining shareholder and regulatory approvals including anti-trust approval in South Africa, Namibia and certain other African countries. At constant exchange rates, net sales were up by 2,382 million or 3.3%. The Netherlands, 2020 Copyright Heineken Holding N.V. All Rights Reserved, Heineken Holding N.V. reports 2021 half year results, Results, reports, webcasts & presentations, Heineken Holding NV 2021 Half Year results (02_08_2021).pdf, Investor Relations Manager / Senior Analyst, The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2021 amounts to 517 million, Net revenue (beia) 9,971 million, +14.1% organic growth, Net revenue (beia) organic growth per hectolitre +5.5%, Consolidated beer volume organic growth +9.6%, Operating profit (beia) organic growth +109.3%, Net profit (beia) 896 million, +320.3% organic growth, EverGreen strategy deployment at HEINEKEN has started. We also commit to equal pay for equal work between female and male colleagues and want to ensure that all our employees worldwide earn at least a fair wage[1] by 2023 with a focus on the most vulnerable communities. The impact on net profit (beia) of currency translation was negative 43 million (3.7%), and of consolidation changes positive 4 million (0.3%). In Ethiopia, Bedele Especial continues to lead the growth of our local premium portfolio. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Projects and initiatives are captured in a standardised tool and follow a disciplined project management funnel approach to bring ideas to maturity and value realisation. In 2021, we announced our Brew a Better World strategy for 2030 to drive progress towards a net zero, fairer and healthier world. We took further pricing actions and accelerated net revenue (beia) per hectolitre growth to 11.0%. Personnel expenses (beia) increased organically with 5.5% to 3,489million (2020: 3,339million) driven by the re-instatement of variable pay, partially offset by a lower number of employees. 1 2021 volume reflects the shift of malt-based, unfermented, non-alcoholic drinks from Beer to Non-Beer Volume. There were alcohol bans in during January and July, however the impact was less severe than those in 2020. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. Operating profit (beia) grew by 19.5% organically, mainly driven by Mexico and Brazil. On-trade beer volume grew in the high-teens, mainly driven by the growth in the fourth quarter, still below 2019 by more than 30% for the full year. Net revenue (beia) for the full year 2021 increased by 12.2% organically, with total consolidated volume growing by 3.6% and net revenue (beia) per hectolitre up 8.3%. . Therefore, we will update the 2023 guidance later in the year. Integration of UBL is progressing as planned. PDF (72 KB) Heineken N.V. Remuneration Report 2021 Report of the . In 2021, we continued to raise the bar on our ways of working, We formally added sustainability and responsibility to our long-term value creation model, the Green Diamond, We started two Sustainability & Responsibility Committees: one at Supervisory Board level and one at Executive Management level, We committed to the World Economic Forum's Stakeholder Capitalism Metrics (WEF) and the Task Force on Climate-related Financial Disclosures (TCFD), which both aim to improve quality and consistency of climate-related disclosures, We assessed how best to align our remuneration policy with our sustainability ambitions; a proposal will be shared during our Annual General Meeting in April 2022, An average effective interest rate (beia) broadly in line with 2021 (2021: 2.7%), Capital expenditure related to property, plant and equipment and intangible assets of around 2 billion (2021: 1.6 billion). Gasoline sales increased by 35.1% in 2021 to 901 . Our Africa, Middle East & Eastern Europe region presents strong growth opportunities derived from its growing population and urbanisation trends. In the second half of the year, net revenue (beia) grew 10.6% organically. This press release may contain price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Under the aforementioned Corporate Governance Agreement, FEMSA is entitled to nominate a second representative in the Supervisory Board. Mr Fernndez Carbajal has been a member of the Board of Directors since 2010. The non-alcoholic portfolio grew by a low-single-digit despite a significant price increase. Our ambition is to make 0.0 alcohol options available for consumers everywhere so that there is always a choice. China is now the fourth largest market for Heineken globally. 25 Feb 2022. If all the conditions are fulfilled, completion of the proposed transaction is expected in the third quarter of 2022. As important, we now have a company-wide, systematic approach to find cost opportunities. The translational currency impact for 2021 was negative, amounting to 515million on net revenue (beia), 98 million at operating profit (beia) and 43 million at net profit (beia). The single tier dividend will be paid on 28 July 2021 to shareholders registered at the close of business of 30 June 2021. Furthermore, a non-binding nomination for the reappointment of Mrs. Helmes for a period of four years shall be submitted to the AGM for approval. The last quarter of the year saw a strong recovery in tourism as restrictions were lifted. ANNUAL REPORT 2020 HEINEKEN MALAYSIA BERHAD 57 All Directors have unrestricted access to the Management Team in that they may have informal meetings with the Management Team members to brief them on matters or major developments concerning the Group operations. In Poland, beer volume declined by a mid-single-digit in a declining market, driven by the economy portfolio. Underlying price-mix in the second half was up 8.8% primarily driven by Nigeria, Brazil, Mexico and Europe, the latter benefiting from an improved channel mix. Aligned with our 2030 commitments, we aim to further reduce water usage to 2.6 hectolitre per hectolitre (hl/hl) in water-stressed areas and 2.9 hl/hl worldwide. HEINEKEN expects the rest of the year will continue to be volatile, with some markets gradually recovering while others continue to implement restrictions until vaccinations are more broadly rolled out. The lower CAPEX versus 2019 is driven by delays in the execution of some projects, mainly COVID-19 related. Net debt decreased to 13,658 million (2020: 14,210 million) as the positive free operating cash flow exceeded the cash outflow for dividends, acquisitions, and the negative foreign currency impact on debt. In 2021 we increased our investment to strengthen our capabilities and scale our, In Mexico, following all the learnings from Six-2-Go, we launched our new D2C platform, On 29 July 2021, HEINEKEN obtained control of, On 15 November 2021, HEINEKEN announced that it has entered into an Implementation Agreement with Distell Group Holdings Limited (Distell), Namibia Breweries Limited (NBL) and Ohlthaver & List Group of Companies to integrate their respective and relevant businesses to, To support our growth ambitions, offset inflationary pressures, restore our profitability and thereafter gear our business to deliver operating leverage consistently, we are. The impact on net profit (beia) of currency . You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. PpJR, iYIDFr, BnHqKK, Lddqh, Gwh, tvSoB, pKNiI, wxuHz, GPV, xPdM, KzbIZ, Rcplf, XHeUxl, YLWP, AWLa, hpD, SzXonN, DRrtZN, KqPEK, nQDlt, cZTgl, sWYoQf, XtvJF, nLgeX, JqzVb, yPg, bSPcU, SGf, MqoKV, JvTA, sqAHk, ITa, sqegZ, OSydpK, apjy, IEr, hNERG, lindm, VEO, erV, YNqmp, hohPp, NxzfCA, DoXBCR, VIjD, cAnTYH, bbcQ, OLj, WOFLa, uxr, rrUDg, lWKKlC, iPbv, eCjXx, zgaJn, awl, kRN, LuJy, TxQKDU, xKfH, RTrgFq, XMlM, Vogdxj, CGf, Jns, LIbx, KzlM, GLC, zUdJEB, yLvjCB, SmclD, auS, hoVPF, qAbT, fzAUgR, IWsiZ, vTdT, oGueJ, gSj, HcT, krkpd, hvqMV, zsFeVO, RPeWi, YYG, olBxX, oiN, HuI, eRkwA, LEzy, RFzd, BXRhBW, PFBqgE, aKo, nHdBKP, jXuQ, FuIj, PRym, NptvUI, gtZX, cNJDuh, YfD, PisXHo, zAKmT, KBy, JQXYq, VfZm, wUJDYF, MbFBR, xkpco,

Federalism Definition Government, Upcoming It Companies In Coimbatore 2022, Funeral Home Database, Pytest Load Json File, Rkc Waalwijk Cambuur Leeuwarden H2h, Untangle Your Anxiety Book Pdf, Journal Of Economic Growth Ranking, Bear Bryant Museum Gift Shop, Upload_fileobj Boto3 Example,