Key figures1
Consolidated results
Balance sheet
Per share
Employees
Ratios
O O Qs
Report of the Executive Board^^^M Report of the Supervisory Board
In millions of
2019
20182
Change in
Revenue
28,521
26,811
6.4%
Revenue (beia)
28,443
26,811
6.1%
Net revenue
23,969
22,489
6.6%
Net revenue (beia)
23,894
22,471
6.3%
Operating profit
3,633
3,121
16.4%
Operating profit (beia)
4,020
3,808
5.5%
Net profit
2,166
1,913
13.2%
Net profit (beia)
2,517
2,385
5.5%
EBITDA
5,756
5,024
14.6%
EBITDA (beia)
5,764
5,174
11.4%
Dividend (proposed)
967
912
6.0%
Free operating cash flow
2,228
2,246
(0.8)%
In millions of
2019
20182
Change in
Total assets
46,504
42,151
10.3%
Shareholders' equity
16,147
14,525
11.2%
Net debt position
15,259
12,081
26.3%
Market capitalisation
54,505
44,055
23.7%
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 Restated for IAS 37.
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2019^ 06
Other Information
2019
20182
Change in
Weighted average number of shares - basic
573,643,551
570,146,069
0.6%
Net profit
3.78
3.36
12.5%
Net profit (beia)
4.39
4.18
4.9%
Dividend (proposed)
1.68
1.60
5.0%
Free operating cash flow
3.88
3.94
(1.5)%
Shareholders' equity
28.15
25.48
10.5%
Share price
94.92
77.20
23.0%
Weighted average number of shares - diluted
574,217,111
570,663,632
0.6%
Net profit (beia) - diluted
4.38
4.18
4.9%
2019 2018 Change in
Average number of employees (FTE) 85,853 85,610 0.3%
2019 20182 Change
Operating profit (beia) as a of net
revenue (beia) 16.8% 16.9% -12bps
Net profit as of average equity attributable
to equity holders of the Company
14.1%
14.7%
(0.6)
Net debt/EBITDA (beia)
2.6
2.3
0.3
Dividend payout
38.4%
38.2%
0.2
Cash conversion ratio
80.2%
85.4%
(5.2)
