<Zï O Q, Financial Review - Main changes in consolidation Revenue and revenue (beia) Net revenue (beia) Total other expenses (beia) Heineken N.V. Annual Report 2018 Report of the Executive Board Report of the Supervisory Board Financial Statements Sustainability Review Other Information Key figures1 In millions of 20172 Currency translation Consolidation impact Organic growth 2018 Organic growth Revenue 25,843 26,811 Eia 20 Revenue (beia)2 25,863 (1,131) 500 1,579 26,811 5.9 Excise tax expense (4,234) 123 14 (242) (4,340) (4.8) Net revenue (beia)2 21,629 (1,008) 514 1,337 22,471 6.1 Total other expenses (beia) (17,869) 832 (470) (1,096) (18,603) (6.0) Operating profit (beia) 3,759 (176) 43 241 3,868 6.4 Net interest income/(expenses) (beia) (374) 9 (42) 2 (405) 0.4 Other net finance income/(expenses) (beia) (136) 3 (5) 82 (57) 59.9 Share of net profit of assoc./JVs (beia) 153 (9) 5 13 161 8.2 Income tax expense (beia) (897) 43 8 (54) (900) (6.0) Non-controlling interests (beia) (258) 14 4 (3) (244) (1.2) Net profit (beia) 2,247 (116) 14 280 2,424 12.5 Eia (312) (521) Net profit 1,935 1,903 1 Due to rounding, this table will not always cast. 2 Restated to reflect the impact of adopting IFRS 15. - On 4 May 2017 HEINEKEN acquired all the remaining shares in Lagunitas Brewing Company. - On 31 May 2017 HEINEKEN completed the acquisition of Brasil Kirin Holding S.A. from Kirin Holdings Company Limited. - On 29 August 2017 HEINEKEN completed, through HEINEKEN UK, a back-to-back deal to acquire Punch Securitisation A ('Punch'). - On 1 September 2017 HEINEKEN transferred HEINEKEN Belarus to Oasis Group who now owns and operates the business and has entered into licence and distribution agreements with HEINEKEN. - On 30 November 2017 HEINEKEN completed, through HEINEKEN Asia Pacific, the merger of its business in Mongolia with APU JSC. HEINEKEN retains 25% of the merged business. - On 1 December 2017 HEINEKEN Nederland B.V. entered into a strategic partnership for its Beer Cider logistics in the Dutch Out-of-Home market with Sligro Food Group N.V. Simultaneously, HEINEKEN Nederland B.V. divested its wholesale operations for the other (non-Beer Cider) product categories to Sligro Food Group N.V. Revenue (beia) increased organically 5.9% to €26,811 million (2017: €25,863 million). Reported revenue was €26,811 million (2017: €25,843 million). Net revenue (beia) increased by 6.1% organically to €22,471 million, with total consolidated volume growth of 4.0% and a 2.0% increase in net revenue (beia) per hectolitre. Currency developments had a negative translational impact of €1,008 million, mainly driven by the adverse development versus the Euro of the Brazilian Real, the Mexican Peso, the Nigerian Naira and the Vietnamese Dong. The positive impact of consolidation changes was €514 million mainly related to Brazil. Total other expenses (beia) were €18,603 million, up by 6.0% on an organic basis. Input costs increased organically by 8.1% and by 3.6% on a per hectolitre basis, mainly in packaging materials (commodities inflation and adverse transactional currency impact). Marketing and selling (beia) expenses increased organically by 1.5% to €2,494 million, representing 11.1% of net revenues (2017 restated: 11.6%).

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 33