General Announcement::Heineken N.V. reports 2016 full year results

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 16-Feb-2017 03:02:43
Status: New
Announcement Sub Title: Heineken N.V. reports 2016 full year results
Announcement Reference: SG170216OTHRA8XK
Submitted By (Co./ Ind. Name): Michael Fuchs
Designation: Corporate & Financial Communications Manager
Effective Date and Time of the event: 15/02/2017 17:00:00
Description (Please provide a detailed description of the event in the box below): Jean-Fran ois van Boxmeer, CEO, Chairman of the Executive Board, commented:
We delivered strong results in 2016, with clear outperformance of our premium brand
portfolio led by Heineken , and sustained momentum from our innovation agenda. Our
unique diversified footprint was again a competitive advantage, enabling us to deliver more
than 50 basis points margin expansion, despite more challenging economic conditions in
some developing markets and significant currency pressures. Performance in key
European markets was good and results in Vietnam and Mexico were strong. In Africa, Middle
East & Eastern Europe market conditions remained tough, most notably in Nigeria, DRC and
Russia. Excluding major unforeseen macro economic and political developments as well as
the impact of the proposed acquisitions in Brazil and in the UK, we expect continued margin
expansion in 2017 in line with our previous guidance.

Total size =398K