Switzerland In Switzerland, the Company has breweries at Chur and Winterthur and, amongst others, the brands Heineken, Amstel, Calanda and Haldengut are sold. The Swiss beer market fell again in 1995 as a result of pressure on purchasing power and less tourism. Reinforced by several large price increases, this mainly affected the sales in the hotel, restaurant and café sector. The premium import segment grew. Demand for the Heineken brand rose, which was partly due to the strengthening of the national sales network. Heineken is the market leader in the premium import segment. Amstel beer was successfully launched on the Swiss market in 1995. The introduction of Calanda Ice Beer proceeded successfully. Ireland United Kingdom Slovakia The Netherlands Hungary Spain Switzerland Bulgaria 420 Greece France 2®'2 Poland 262 Italy Despite the negative developments in the beer market the earnings of Calanda Haldengut rose, which was partly due to structural cost reductions in the field of production and distribution. The market share increased slightly, too, thus strengthening the Company's position in the Swiss market. The concentration on core business is making good progress, as is the optimization of the synergy between the two previous brewery organizations. Other countries The beer market in the United Kingdom showed a slight growth; in particular the premium segment did well. The Heineken brand, produced under licence by Whitbread, was able to benefit from this. The Heineken brand was actively supported, amongst other things by sponsoring. Murphy's Irish Stout underwent a significant growth. The Amstel brand, introduced in the previous year, developed satisfactorily. The development of Heineken in Germany proceeded according to plan. Sales showed further growth. In Slovakia, a 66% interest was acquired in the brewery and maltworks Zlaty Bazant at Hurbanovo. Our policy is aimed at strengthening the principal brand in Slovakia, Zlaty Bazant. The capacity of the brewery will be expanded to 1 million hectolitres and that of the maltworks to 60,000 tonnes. In Poland our partner Zywiec, in which the Company now has a 31.8% interest, increased its market share. Within the framework of a further expansion of the capacity of the brewery at Zywiec a new bottling line was taken into operation. Earnings showed a rise. The Zagorka brewery in Bulgaria achieved positive earnings. Substantial investments were made in connection with the expansion and modernization of production and to improve distribution. Beer consumption 1994 per capita in Europe in litres 29

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1995 | | pagina 37