Heineken delivers strong profits but warns of further volatility in emerging markets

Its Irish division has praised the performance of its new cider, Orchard Thieves

Heineken delivers strong profits but warns of further volatility in emerging markets

Wong Maye-E / AP

Heineken's 2015 full year results show organic revenue grew by 3.5%, with revenue per hectolitre up by 1.3%.

It volume increased by 2.3%, with strong sales in Americas, Asia Pacific and central / western Europe offsetting falling volumes in Africa Middle East & Eastern Europe.

The world’s third-largest brewer has promised a dividend of €1.30 per share, compared to €1.10 last year.

In Ireland the company generated €512.6m. During the period the company brought a new cider to market, Orchard Thieves, it described this launch as a success, “Orchard Thieves now commands 4.3 per cent of total cider and outperformed the declining cider category,” the company said.

Worldwide the company delivered a net profit of €2bn and diluted earnings per share of €3.57.

Jean-François van Boxmeer, CEO, Chairman of the Executive Board, commented on the company's plans for 2016:

"We have continued to invest for future growth, by entering or expanding our presence in markets including Myanmar, Ivory Coast, East Timor, Jamaica, Malaysia, Slovenia and South Africa. We are also particularly excited by our new partnership with Lagunitas, one of the leading craft brewers in the US."

"Whilst we expect further volatility in emerging markets and deflationary pressures in 2016, we are confident that we will again deliver top and bottom line growth, as well as margin expansion in line with our guidance."