By Michael Susan
Heineken Holding NV on Wednesday posted a return to net profit for 2021 that beat market expectations, although the company warned it expects to be significantly hit by inflationary pressures.
The Dutch brewer – which also owns the Sol, Birra Moretti and Tiger beer brands – said it expects significant inflationary and supply chain pressure in 2022 as it continues to navigate a uncertain environment, and that it will raise prices to compensate for the increases.
“We will offset these increases in input cost with pricing in absolute terms, which could lead to smoother beer consumption,” the company said.
The company reported net profit for the year ended Dec. 31 of 3.32 billion euros ($3.77 billion), compared to a net loss of 204 million euros in 2020, and compiled consensus profit by the company of 2.28 billion euros on the basis of 23 brokers. forecasts.
The world’s second-largest brewer said its adjusted operating profit – one of the company’s preferred measures that excludes exceptional and other one-time items – rose organically to 3.41 billion euros, from 2 .42 billion euros. The consensus forecast was 3.3 billion euros, taken from the company’s website.
Adjusted operating profit margin for the year was 15.6%, it said. Net revenue for the year rose to 21.94 billion euros from 19.72 billion euros in 2020, it said.
The Board of Directors has declared a dividend for the year of EUR 1.24 per share. This compares to a total dividend of 70 euro cents per share the previous year.
Write to Michael Susin at [email protected]