News article

Profit and earnings rise at Heineken

Profit and earnings rise at Heineken
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Heineken has seen an increase in its organic earnings before interest and tax for the first half of the year.

The beer producer posted a figure of €993 million (£871 million) for the opening six months of 2009, with a strong performance in the UK market being driven by a rise in market share, along with cost reductions and a "sound" market strategy.

Organic net profit rose 12 per cent and shares in the company climbed on the news, something that may interest those trading shares in Heineken on the stock market.

At 18:00 BST yesterday, the firm's share price was up 7.2 per cent at €29.87.

Chairman of the executive board and chief executive officer Jean-Francois van Boxmeer said that the company achieved a "strong" performance over the six-month period.

"The strength of our brand portfolio has enabled us to support our margins, achieving a stable top line performance despite lower volumes," he stated.ADNFCR-1681-ID-19333990-ADNFCR