Africa and the Niddle East Report of the Executive Board Regional Review €1,988 million €548 million €549 million 19.1 million hectolitres 13.1 per cent 2.7 million hectolitres Volumes were strong, reflecting growth across all markets in the region including Nigeria, South Africa, the Democratic Republic of Congo, Republic of Congo, Burundi, Rwanda and Egypt. The total change in consolidated beer volume reflects a shift from imported product to local production by our joint venture operation in South Africa as of January 2010. Revenue EBIT EBIT (beia) Consolidated beer volume Consolidated beer volume as of Group Heineken volume in premium segment Soft drink volume grew 10 per cent reaching 5.8 million hectolitres, with strong performances in the Democratic Republic of Congo, Burundi, Rwanda and Tunisia. In Nigeria, the growth was driven by solid performance of the Fayrouz brand. Volume of the Heineken brand increased substantially in South Africa and Nigeria. EBIT (beia) in the region grew 10 per cent on an organic basis, driven by higher volume and pricing and a larger contribution from our joint ventures. The beer market i Nigeria grew 10 per cent, supported by a strong economic recovery and higher prices for oil and natural gas. All key brands achieved solid volume growth, led by Heineken and Amstel. Volume of the Star brand grew, supported by strong sales of the can package. In January 2011, Heineken announced the addition of 5 breweries via the acquisition of two holding companies from the Sona Group. These acquired breweries provide an immediate additional production capacity of 3.7 million hectolitres and alleviate existing capacity constraints. In addition, the breweries broaden the Company's geographic reach in the country. Heineken N.\ Heineken's joint venture operation in South Africa grew volume by 8.6 per cent and continued to gain market share. The Heineken and Windhoek brands led this strong volume performance. Volume of the Amstel brand was lower due to the transfer from one-way bottles to smaller size returnable bottles. An investment project is under way to expand production capacity at the Sedibeng brewery to 4.5 million hectolitres by the fourth quarter of 2011. in Egypt, the beer market grew in the double digits, driven by a supportive economic environment and increased tourism. Volume of Al Ahram grew 12 per cent organically, driven by the Stella, Birrel and Sakara brands. EBIT (beia) increased substantially. EBIT (beia) of Bralima in the Democratic Republic of Congo grew significantly, driven by strong j growth in volume and higher pricing. In November 2010, Heineken acquired an additional 5 per cent stake in Bralirwa, Rwanda, increasing our shareholding in the company to 75 per cent. The remaining 25 per cent of the shares were listed on the Rwandan stock exchange, representing the first initial public offering of a local company. In Burundi, volume of Brarudi increased, driven by a strong economy following an excellent coffee crop.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2010 | | pagina 24