News Heineken N.V. reports 2021 Mid-Year Earnings Results

Heineken N.V. announced that beer volume grew by 9.6%, led by strong growth in Heineken of 19.6% with over 50 markets in double-digit growth. Net revenue was up by 14.1%.

Dolf van den Brink, CEO and Chairman of the Executive Board also offered some caution headed into the second half of the year given the current uptick in the pandemic. “Now, as strong as these results are, there’s a reason for caution too. COVID remains a factor and we see a rise in commodity costs. Overall, we expect full year financial results to remain below 2019,” he said.

More details here and a transcript of the earnings conference call here.

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