Africa and the Middle East Revenue Operating profit Heineken volume in premium segment Regional beer volume 34. egional Thanks to a better economic environment and our improved execution throughout Africa and the Middle East region, the popularity of regional and Heineken brands is growing rapidly. We have a long history in this fast-growing region, which stretches from South Africa to Lebanon. "Revenue and EBIT performance is strong thanks to commercial excellence, cost reduction programmes, better distribution and more training for our staff." Regional beer volume In millions of hectolitres 2001 I 9.9 2002 10.6 2003 12.7 2004 13.5 2005 15.0 Tom de Man, President Heineken Africa and the Middle East Revenues grew by 18 percent in 2005, although the performance across markets varied, with strong results in Nigeria and Central Africa balanced by some weakness in the Middle East. Most of the strong performance was due to better pricing and improved sales mix. Consolidated Breweries in Nigeria was consolidated for the first time in 2005. EBIT increased as a result of the pricing policy and the effects of the restructuring carried out in the last few years. This year the Africa region improved significantly its contribution to EBIT. Regional beer volume rose to 15.0 million hectoliters. The Heineken brand grew more than 8 percent to 921,000 hectoliters and Amstel volumes grew 26 percent (to over 2.4 million hectoliters). Volumes of the Star brand were negatively impacted by a price increase during the first half of the year, although the move helped to drive growth in the Company's profitability. The Fayrouz® brand (a popular malt beverage without alcohol, available mainly in the Middle East region) posted growth in excess of 26 percent in Egypt, thanks to an innovative new advertising campaign and the introduction of new packaging formats. €1.1 billion €196 million 0.9 million hectolitres 15.0 million hectolitres Heineken N.V. - Annual Report 2005

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2005 | | pagina 40