'Price efforts hit volumes' – Heineken

25 August, 2010

Heineken has said that efforts to get better prices for beer in the off-trade impeded its volume sales in in the first half of 2010.

Heineken has said that efforts to get better prices for beer in the off-trade impeded its volume sales in in the first half of 2010.

The Dutch brewer reported a 17% increase in organic net profit to €621 million and said its UK business, which markets Foster’s, Strongbow and Kronenbourg 1664, “delivered strong growth driven by better pricing and significant cost reductions partly offset by higher investments in brands”.

But it added: “The lengthy price negotiations with some off-trade customers resulted in a temporary reduction of features in key promotional activities and a subsequent temporary loss of volume in the off-trade.”

Heineken said it expected full-year profits to show low double digit growth.

Group beer volumes dropped 2.5% in Western Europe as a whole in the first half, with the Heineken brand down 0.8%.




Bookmark this


Site Search

COMMENT

Donald Trump: the US has much to learn from history

The reasons Donald Trump should not be left in charge of a shopping trolley, let alone the keys to the White House, are plentiful and well-documented – from his use of the word “bigly” and lamentable business legacy to his dubious post-modern feminist principles, quite astonishing lack of political acumen and, most worrying of all, his bewildering hair. 

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter