Heineken(US:HEINY)2021-08-02 14:20Financial Performance Highlights - Heineken's Net Revenue (beia) increased organically by 14.1%[17], driven by an 8.2% increase in volume and a 5.5% increase in net revenue per hectoliter[41] - Operating Profit (beia) saw a significant organic increase of 109.3%[17, 43] - Net Profit (beia) increased by 320.3%[17] - Heineken® volume grew by 19.6%[17] compared to 2020 and 16.7% compared to 2019[31] Regional Performance - AMEE (Africa, Middle East, and Eastern Europe) region experienced a Net Revenue (beia) organic growth of 30.4% and Operating Profit (beia) organic growth of 190.2%[20], with beer volume up by 16.8%[20] - Americas region saw Net Revenue (beia) organic growth of 25.7% and Operating Profit (beia) organic growth of 85.7%[23], with beer volume up by 16.7%[23] - APAC (Asia Pacific) region's Net Revenue (beia) organic growth was 5.4%[25], but beer volume decreased by 1.0%[25], while Operating Profit (beia) organic growth was 15.9%[25] - Europe Region experienced Net Revenue (beia) organic growth of 3% and Operating Profit (beia) organic growth of 359.1%[28], with beer volume up by 0.8%[28] Strategic Initiatives - Digital sales value reached €1 billion in H1, more than double the previous year[33] - Heineken is accelerating investments in digital & technology, sustainability & responsibility, and marketing & sales[48] - Heineken is operationalising its 2030 "Raise the Bar" vision, focusing on environmental and social responsibility[34] Outlook - The company anticipates the pandemic will continue to impact the rest of the year[56] - Headwinds in input costs are expected in the second half of the year, with a material impact from commodity costs in 2022[56] - Operating profit margin in the second half is expected to be lower than the second half of 2020[56]