O A
Key figures1
Consolidated results
Balance sheet
Per share
Employees
Ratios
Report of the Executive Board
Report of the Supervisory Board
In millions of
2018
2017
Change in
Revenue2
26,811
25,843
3.7%
Revenue (beia)2
26,811
25,863
3.7%
Net Revenue3
22,471
21,609
4.0%
Net Revenue (beia)3
22,471
21,629
3.9%
Operating profit
3,137
3,352
(6.4)%
Operating profit (beia)
3,868
3,759
2.9%
Net profit
1,903
1,935
(1.6)%
Net profit (beia)
2,424
2,247
7.9%
EBITDA
5,040
4,949
1.8%
EBITDA (beia)
5,235
5,115
2.3%
Dividend (proposed)
912
838
8.8%
Free operating cash flow
2,246
2,031
10.6%
In millions of
2018
2017
Change in
Total assets
41,956
41,034
2.2%
Shareholders' equity
14,358
13,321
7.8%
Net debt position
12,081
12,879
(6.2)%
Market capitalisation 44,055 49,607 (11.2)%
1 (beia) is before exceptional items and amortisation of acquisition-related intangible assets. Please refer to the Glossary section for an explanation
of non-GAAP measures and other terms used throughout this report.
2 2017 revenue has been restated due to changes in accounting policy on revenue (IFRS 15).
3 Net revenue was introduced in 2017 due to changes in accounting policy on revenue (IFRS 15).
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2018^ 0
Other Information
2018
2017
Change in
Weighted average number of shares - basic
570,146,069
570,074,335
0%
Net profit
3.34
3.39
(1.5)%
Net profit (beia)
4.25
3.94
7.9%
Dividend (proposed)
1.60
1.47
8.8%
Free operating cash flow
3.94
3.56
10.7%
Shareholders' equity
25.18
23.37
7.7%
Share price
77.20
86.93
(11.2)%
Weighted average number of shares - diluted
570,663,632
570,652,111
0%
Net profit (beia) - diluted
4.25
3.94
7.8%
2018
2017
Change in
Average number of employees (FTE)
85,610
80,425
6.4%
2018
2017
Change in
Operating profit (beia) as a of net revenue3
17.2%
17.4%
-17 bps
Net profit as of average equity attributable
to equity holders of the Company
13.8%
14.6%
(5.5)%
Net debt/EBITDA (beia)
2.3
2.5
(8.3)%
Dividend payout
37.6%
37.3%
0.9%
Cash conversion ratio
84.2%
81.1%
3.7%