Heineken Holding N.V. announced strong volume growth and an organic net profit growth of 35 percent for its first half, with all regions delivering higher volumes and profits.
Revenue grew by 6.8 percent to US$8.354 billion (EUR 6.127 billion) in the first half, driven by strong volumes, an improved sales mix and higher pricing.
Group beer volume rose 8.5 percent, with consolidated volumes up 9.3 percent.
The Dutch brewer confirmed its full-year forecast of 20 to 25 percent in organic net profit growth, which was doubled in July mainly because of exceptionally mild weather in Europe in the first few months of 2007.
It expects volume growth to continue in the second half but at slower pace, given the mixed weather seen at the beginning of the second half.
Input costs for the year are also expected to increase by around 8 percent per hectolitre.
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(1 August 2008) According to RNCOS’ new report ''Indonesian Food, Beverages and Tobacco Market Forecast till 2011'', the country’s consumer expenditure on food, beverages and tobacco had grown at ...
Germany's METRO Group is making plans to open its first Metro Cash & Carry wholesale store in Kazakhstan in the summer of 2009. The Group officially agreed to the investment with the Government of the Republic of Kazakhstan on Wednesday, a move which will extend METRO's activities to 33 countries.
Trent Ltd, the retail arm of the Tata group in India, is likely to invest around Rs 20billion ( €0.3 billion ) over the next five years in the roll out of 50 Star Bazaar hypermarket stores, according to Indian press reports.
The recent credit crunch has led all the major supermarket chains in the UK to increase promotions of cheap, unhealthy food, according to the country's National Consuner Council (NCC).
Auchan has published half year results for the first time as a result of new European regulations governing transparency. Although there has been a slow-down in mature markets, emerging markets remained buoyant for the French company and as a result sales for the first six months of 2008 were 9.4% higher than in 2007 reaching EUR18.7 billion.
Price promotions and the decision to only partially pass on food price inflation to customers have led to a downturn in second quarter margins for Ahold. Net sales for second quarter 2008 were EUR 5.8 billion, down 0.8% from the same period last year. At constant exchange rates, net sales increased by 7.3%.
Despite the credit crunch, drinks giant, Diageo reports another year of strong organic growth with net sales up 7% and operating profit up 9%. Sales rose to £8.09bn up from £7.48bn last year while sales volumes increased by about 3%.
