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Heineken NV (HEIN.AS)

HEIN.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Heineken to acquire Punch Taverns pub portfolio
Thursday, 15 Dec 2016 08:40am EST 

Heineken NV : To acquire Punch Taverns PLC pub portfolio . Heineken UK will pay an aggregate consideration of 305.0 million pounds ($380.3 million) for the shares in Punch A and assumed intercompany debts due from Punch A to Punch Taverns PLC. . Heineken UK intends to fully integrate these pubs into Star .Transaction is expected to be earnings enhancing in the first full year following the acquisition.  Full Article

Emerald Investment confirms offer for Punch Taverns, says has 2.2 pct stake
Wednesday, 14 Dec 2016 12:23pm EST 

Emerald Investment Partners: Possible offer for Punch Taverns Plc . Confirms it has made a proposal to punch regarding a possible cash offer for entire issued and to be issued share capital of punch at 185 pence per share .Confirms that it, together with its concert parties, currently owns 4,835,980 shares in punch, representing 2.2% of issued share capital..  Full Article

Heineken successfully prices 500 million euros of notes
Tuesday, 22 Nov 2016 11:35am EST 

Heineken NV : Successfully placed long 10-year notes with a coupon of 1.375 pct for a principal amount of 500 million euros ($530.65 million) .Maturity date of notes is 29 January 2027.  Full Article

Heineken Q3 beer volumes ahead of Reuters poll
Wednesday, 26 Oct 2016 02:00am EDT 

Heineken NV : Reports 2016 third quarter trading update . Consolidated beer volume +2.0% organically, with growth in Americas, Asia Pacific and Europe offsetting weaker volume in Africa Middle East & Eastern Europe . Performance in q3 was robust despite strong comparatives in americas and europe . Q3 consolidated beer volume 54.0 million hls versus 53.1 million hls in Reuters poll . Tough environment in Africa Middle East & Eastern Europe . Full Year margin expectations remain unchanged despite continued adverse economic conditions in some developing markets . Sees increasing currency headwinds . In Russia volume declined double digit as market remained under pressure and volume was adversely impacted by high promotional price pressure . Reported net profit for nine months was 1,239 million euros ($1.35 billion) (2015: 1,776 million euros), including asset impairment of 233 million euros .Jean-François Van Boxmeer to be nominated for re-appointment at the 2017 AGM.  Full Article

Heineken H1 consolidated revenue of 10.09 billion euros below Reuters estimates
Monday, 1 Aug 2016 01:48am EDT 

Heineken NV : H1 consolidated revenue of 10.09 billion versus 10.34 billion euros in Reuters poll . H1 consolidated operating profit (beia) 1.70 billion euros versus 1.67 billion euros in Reuters poll . H1 net profit 586 million euros versus 1,144 million euros a year ago . H1 consolidated revenue Americas of 2.48 billion euros versus 2.52 billion euro in Reuters poll . H1 consolidated revenue Europe of 4.93 billion euros versus 4.93 billion euros in Reuters poll . H1 consolidated revenue Africa, Middle East & Eastern Europe 1.64 billion euros versus 1.62 billion euros in Reuters poll . H1 group beer volume 97.0 mhl versus 89.9 mhl a year ago . Expect full year margin expansion in line with medium term guidance of around 40bps per annum . For 2016 Heineken expects to deliver further organic revenue and profit growth . For 2016 capital expenditure related to property, plant and equipment is expected to be slightly below 2 billion euros (2015: 1.6 billion euros) . After a strong Q1, boosted by easter timing and a strong vietnamese and chinese new year, volume growth in Q2 was more subdued . In accordance with its dividend policy, Heineken fixes interim dividend at 40 pct of total dividend of previous year .Interim dividend of 0.52 euro per share of 1.60 euro nominal value will be paid on 11 August 2016.  Full Article

Heineken signs joint venture agreement with Asia Brewery, Inc.
Friday, 27 May 2016 03:38am EDT 

Heineken NV : Signs a joint venture agreement with Asia Brewery Incorporated (Asia Brewery, Inc.), a large beverage producer in the Philippines owned by LT Group, Inc. . Transaction is subject to customary closing conditions and operations are expected to commence in fourth quarter of 2016 .Financial terms are not disclosed.  Full Article

Heineken comments on FY 2016 guidance
Wednesday, 10 Feb 2016 01:00am EST 

Heineken NV:Expect further volatility in emerging markets and deflationary pressures in 2016.‍Hans Wijers (chairman) and Mary Minnick will resign by rotation from supervisory board at AGM on April 21.  Full Article

Heineken successfully prices EUR 460 mln of notes
Tuesday, 1 Dec 2015 11:40am EST 

Heineken NV:Successfully placed 9-year notes with a coupon of 1.5 pct for a principal amount of 460 million euros.Amount was increased from initial announcement of 400 million euros, bringing total debt maturing in 2024 close to 1 billion euros.Notes will be issued under company's euro medium term note programme and will be listed on Luxembourg Stock Exchange.The proceeds from the note issuance will be used for general corporate purposes.  Full Article

Heineken completes restructuring of South African and Namibian operations
Tuesday, 1 Dec 2015 02:00am EST 

Heineken NV:Completes restructuring of South African and Namibian operations.Says Heineken, Diageo plc and Ohlthaver & List completed restructuring of their joint operations in South Africa and Namibia.In South Africa, Heineken now holds a 75 percent stake in DHN Drinks (Pty) Limited ('DHN') and a 75 percent stake in Sedibeng (Pty) Limited.In Namibia, Heineken now indirectly holds a 29.9 percent stake in NBL.Says to have paid a total net cash consideration of about ZAR 2.0 billion (about 138 million euros) to Diageo for equity and debt positions it acquired in Sedibeng, DHN and NBL.  Full Article

Heineken updates FY 2015 guidance
Wednesday, 28 Oct 2015 03:00am EDT 

Heineken NV:2015 FY operating margin expansion guidance unchanged.Reaffirms margin expansion guidance and most items as stated in half year 2015 earnings release dated Aug. 3, 2015.Revised FY guidance on foreign currency, tax and interest rate.Assuming spot rates as of Oct 23, 2015 calculated positive translational impact on consolidated operating profit (beia) would be about 75 million euros, and 50 million euros at net profit (beia).Revised FY guidance on foreign currency, tax and interest rate.Heineken now expects effective tax rate (beia) for 2015 to be around 28 pct (2014: 29.7 pct).Heineken now forecasts an average interest rate of c. 3.2 pct in 2015 (2014: 3.7 pct).  Full Article


Heineken and Patron agree to buy, break up UK's Punch Taverns

Heineken NV and investment partner Patron Capital have struck a 403 million pound ($500 million) deal to buy and break up Punch Taverns , in a move that would make the Dutch brewer Britain's third-biggest pubs group.