Key highlights from HEINEKEN's Annual Report 2021 include: Q&A with Dolf van den Brink, Chairman of the Executive Board and CEO, on our EverGreen strategy. Beer volume in the first quarter was in line with last year, organically (2.1% below the first quarter of 2019). In 2020, HEINEKEN by exception deviated from this policy, as no interim dividend was paid in August 2020. Desperados continued its momentum and grew in the high-teens, driven by its core markets in Europe, particularly France, and successful expansion into Africa with the launches in Nigeria and Ivory Coast. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken Holding N.V. (OTCQX: HKHHY) and Heineken N.V. (OTCQX: HEINY). An audio replay service will also be made available after the conference call at the above web address. Heineken volume nearly doubled compared to pre-pandemic levels. Rapport de durabilit 2021. The consolidation of United Breweries Limited (UBL) in India positively impacted net revenue (beia) by 280 million or 1.4%. Sol grew slightly driven by strong growth in Chile, South Africa and Canada. Heineken Holding N.V. and Heineken N.V. shares trade on the Euronext in Amsterdam. Heineken Holding N.V. Mr. J.G. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. In Cambodia, beer volume declined in the high-teens, in line with the market, driven by lockdown restrictions and alcohol bans. Government support received under different support programmes amounted to 37 million (2020: 49 million), mainly in Europe. Insights about our EverGreen strategic priorities to drive superior growth; fund the growth; raise the bar on sustainability & responsibility; become the best connected brewer; unlock the full potential of our people. Restated for IAS37 Sustainability highlights A balanced geographic footprint Wherever you are in the world, you can enjoy one of our brands. We are building brands that serve consumers that often prefer less bitter variants, non-alcoholic beer, and modern wheat. The single tier dividend will be paid on 28 July 2021 to shareholders registered at the close of business of 30 June 2021. The country continues to face tensions and instability. Here you will find our latest and archived Annual and Interim results announcements, webcasts and presentations. The proposed reappointment is a deviation of the maximum number of terms for reappointment set out in the Dutch Corporate Governance Code, but is in accordance with the Articles of Association of the Company. Heineken Silver more than doubled its volume, driven by excellent performances in China and Vietnam. 2019. We own, market and sell more than 300 brands in 190 countries. The live video webcast will be accessible via the Heineken N.V.s website: https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations. Underlying price-mix in the second half was up 8.8% primarily driven by Nigeria, Brazil, Mexico and Europe, the latter benefiting from an improved channel mix. The net profit for 2021 was 3,324 million (2020: 204 million loss). A non-binding nomination for the reappointment of Mr. Hut for a period of two years shall be submitted to the AGM for approval. We have connected close to 370,000 active customers through our traditional channels, a threefold increase from last year. Applying spot rates as of 14 February 2022 to the 2021 financial results as a base, the calculated currency translational impact would be positive, approximately 465 million in net revenue (beia), 65 million at operating profit (beia), and 45 million at net profit (beia). Through "Brew a Better World", sustainability is embedded in the business. Operating profit grew by 476.2% mainly due to the exceptional gain this year from the remeasurement to fair value of the previously held equity interest in UBL in India, and the exceptional losses from last year's impairments and restructuring provisions. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates. Reports on Corporate Governance and Remuneration are attached to the Annual Report. In 2021, we continued to raise the bar on our ways of working, governance and transparent reporting. This investment will be partially offset by further delivery of gross savings from our productivity programme. Some modules are disabled because cookies are declined. Operating profit (beia) grew by 19.5% organically, mainly driven by Mexico and Brazil. Amstel Ultra reached more than 1million hectolitres in Mexico and began its international roll-out, reaching 11 new markets in 2021 with more to come in 2022. An audio replay service will also be made available after the webcast at the above web address. Total volume was slightly ahead of 2019, driven by the performance in many markets across the region, especially Nigeria and the DRC. Therefore, we will update the 2023 guidance later in the year. We accelerated premiumisation at scale via our international brands portfolio, complementing Heineken in addressing specific consumer needs. At constant exchange rates, net sales were up by 2,382 million or 3.3%. Mr C.A.G. Heineken 0.0 is now available in more than 100 markets and, by 2023, we will ensure a zero-alcohol option is available for at least two strategic brands in the majority of our operating companies, accounting for 90% of our business by volume. Many of these risks and uncertainties relate to factors that are beyond HEINEKENs ability to control or estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, prices of commodities and other goods and services, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. Olvi Group Releases and publications Annual reports Annual reports The Annual Report includes the Board of Director's Report, Financial Statements, Auditor's report and Corporate Responsibility Report. For 2021, a total cash dividend of 1.24 per share, representing an increase of 77.1% (2020: 0.70), and a payout ratio of 35.0%, in the middle of the range of our policy, will be proposed to the Annual General Meeting on 21 April 2022 ("2022 AGM"). ING Group Additional Pillar III Report 2021 (PDF 2,1 MB) ING Group appendices Additional . In the second half of the year, net revenue (beia) grew 10.6% organically. Whilst continuing to target 17% operating margin (beia) in 2023 and operating leverage beyond, there is increased uncertainty given current and evolving economic and input cost circumstances. Capital expenditure related to property, plant and equipment and intangible assets (CAPEX) amounted to 1,597million (2020: 1,640million; 2019: 2,101 million) representing 7.3% of net revenue (beia). As a consequence, consolidated beer volume declined 11.7% organically, driven by Vietnam, Cambodia and the restructuring of our business in the Philippines, partially offset by double-digit growth in Indonesia, Myanmar, Singapore and Laos. We delivered a strong set of results in 2021 in a . In 2022, we will continue to raise the bar on sustainability and responsibility. The annual report of Heineken Holding N.V. is available on the website: www.heinekenholding.com-ENDS-PRESS ENQUIRIES. Including the effect of cross-currency swaps, 65% of net debt is Euro-denominated, and 22% is US dollar and US dollar proxy currencies. As part of the organisational redesign of EverGreen, HEINEKEN merged its export business units of Europe and Africa, Middle East & Eastern Europe into a single unit, which is now reported under Europe as of 1 April 2021. Price mix was up 10.3% on a constant geographic basis, mainly driven by strong premiumisation and pricing in Brazil with net revenue (beia) per hectolitre growing in the thirties. For 2021, HEINEKEN will apply its regular policy and pay an interim dividend of 0.28 per share (2020: nil) on 11 August 2021. This press release may contain price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation. The annual report of Heineken . Our stepped-up ambition to decarbonize first in production by 2030 has been approved by the Science Based Targets initiative (SBTi), with scope 1 and 2 reductions in line with the 1.5C climate change pathway. Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. Net profit (beia) increased organically by 925 million to 2,041 million. Total other expenses (beia) were 18,487 million, up 7.8% on an organic basis, driven by the increase in volume and higher input costs per hectolitre, partially offset by cost savings from our productivity programme and cost mitigation actions in some markets. This call will also be accessible for HeinekenHolding N.V. shareholders. For 2021, HEINEKEN will apply its regular policy and pay an interim dividend of 0.28 per share (2020: nil) on 11 August 2021. We employ over 82,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. We launched our EverGreen strategy in February 2021 to future-proof our business and deliver superior, balanced growth for sustainable, long-term value creation. de Carvalho as non-executive member of the Board of Directors, for the maximum period of four years (i.e. Beer volume also grew in the double-digits in the DRC, Mozambique, Algeria, Tunisia, Sierra Leone, and across many export markets. A non-binding nomination for the reappointment of Mr Fernndez Carbajal shall be submitted to the 2022 AGM. As a consequence, HEINEKEN expects operating profit margin (beia) to be lower in the second half compared with the second half of last year, and as indicated before, full year financial results are expected to remain below 2019. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. He is a representative of FEMSA (that (in)directly holds a 14.76% economic interest in the HEINEKEN group), and his (re)appointment is based on the Corporate Governance Agreement, which was concluded between (among others) the Company and FEMSA on 30 April 2010 and which was approved by the Annual General Meeting of Shareholders on 22 April 2010 (in connection with the acquisition by Heineken N.V. of FEMSAs beer activities). More specifically, HEINEKEN expects its input cost per hectolitre (beia) to increase in the mid-teens, given its hedged positions and the sharp increase in the prices of commodities, energy and freight. The investments of the year amounted to 1,769 million (2020: 1,389 million; 2019: 2,215 million) and include capacity expansions in Brazil, Vietnam, Nigeria and Italy and the acquisition of Strongbow in Australia. Many of these risks and uncertainties relate to factors that are beyond HEINEKENs ability to control or estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. It was "well worth the wait.". de Carvalho-Heineken, would continue the tradition of personal involvement in HEINEKEN by successive generations of the Heineken family. Helmes will have completed their four-year appointment terms per the end of the AGM on 21 April 2022. Leveraging its success in Brazil and high impact platforms like the Copa Libertadores, the brand has now expanded into six markets in South America. 515 KB. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. Despite increasing pressures and demands on members' time and attention, a healthy and vibrant volunteer community emerges each year to facilitate the work of the Academy's Divisions and Interest Groups, committees and task forces, online and extended communities, meetings, and publications. Currency translation had a negative impact of 98 million, mainly from Brazil, Suriname, Vietnam and Ethiopia. On 29 July 2021, HEINEKEN obtained control and consolidated UBL as of that date, following the changes to certain provisions in the Articles of Association of UBL. Desperados launched the worlds first dance-powered app, Rave to Save, providing hybrid experiences by connecting people at home with parties around the world through holograms and virtual reality, simultaneously raising money for nightclubs affected by the pandemic. Net revenue (beia) organic growth 12.2%; per hectolitre 8.3%. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Mr. Astaburuaga Sanjiins meaningful contributions to the Supervisory Board and the Audit Committee over the past twelve years as well as his knowledge of the industry have been very valuable to the Company. Amsterdam, 2 August 2021 Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces: 1 Consolidated figures are used throughout this report unless otherwise stated; please refer to the Glossary for an explanation of non-GAAP measures and other terms used throughout this report. Analysts and investors can dial-in using the following telephone numbers: HEINEKEN is the world's most international brewer. HEINEKEN employs over 80,000 employees and operates breweries, malteries, cider plants and other production facilities in more than 70 countries. I am pleased with the great momentum of the Heineken brand, the renewal of our brand and product portfolio, the acceleration of our digital transformation and how we are strengthening our footprint with the acquisition of UBL in India and our announced intentions for Southern Africa. We continue working with SBTi to validate our long-term 2040 target. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. Europe is our largest region and as market leaders we aim to grow the category and our market share by tailoring our products to emerging consumer trends and winning in premium whilst leveraging our scale. E-mail: investors@heineken.com Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. 2021 detailed business review, highlights from our brands and innovations, consumer trends and financial statements. Heineken annual revenue for 2021 was $25.958B, a 15.27% increase from 2020. Heineken Holding N.V. AGM Summary 2021 (in Dutch only) 16 Jun 2021. We also published a climate action plan that explains the actions we are taking to become net zero. Our commitment is to increase this percentage to at least 30% by 2025 and 40% by 2030 on the path to gender balance. Page 13 includes a reconciliation versus IFRS metrics. Annual Report 2021 Download PDF 2021 performance highlights A strong set of results Volumes Financial performance 1. Astaburuaga Sanjiins and Mrs. M.H. In 2021, we announced our Brew a Better World strategy for 2030 to drive progress towards a net zero, fairer and healthier world. Nachhaltigkeitsbericht 2021. Yet there were signs of recovery and ING continued to perform well and create value for our stakeholders.
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