Heineken Spain has experienced significant growth in its results for the 2022 financial year. The subsidiary had a turnover of 963 million euros, an increase of 15% compared with the previous year. This increase is attributed to price increases. As a result, Heineken has managed to double its profits in Spain. This is an impressive achievement in a year marked by inflationary pressure.
Heineken, the Dutch brewing company, is the world’s second largest beer producer. Founded in 1864 by Gerard Adriaan Heineken in Amsterdam, Heineken International owns more than 165 breweries in over 70 countries and employs some 76,000 people3. In addition to Heineken lager, it brews and sells more than 2,500,000 international, regional and local beers, as well as specialty beers3. With an annual beer production of 181.3 million hectoliters, Heineken is positioned as one of the world’s largest brewers, based on volume produced.
Heineken España has four breweries located in different parts of the Iberian Peninsula: one in Madrid, one in Valencia, one in Seville and one in Jaén1. In 2018, these breweries produced more than 10.5 million hectoliters of beer.
Net sales amounted to 963.4 million euros, 15% higher than a year earlier, based on “the positive impact of the mix of brands and channels and the good performance of the premium portfolio.
“The positive impact of the mix of brands and channels and the good performance of the premium portfolio”, where the El Águila brand stood out.
where the performance of the El Águila brand stands out. In addition, the company has experienced a significant increase in profits, almost doubling them compared to the previous year.
The company sold a total of 912.6 million beers, which included brands such as Cruzcampo, Heineken, El Águila and Amstel. This represented an increase of 17% and accounted for 94.7% of the company’s total activity.
The company’s exports amounted to only 2 million, while sales of products other than beer reached 48.7 million, a decrease of 12%. Operating income was 122.2 million, an increase of 16.8%.
During the last period, the company recorded a significant increase in its net profit from 75 to 141.1 million. This increase is due in part to the positive impact of the reversal of a previous impairment on its investments, which totaled 57.8 million.
34.7 million in loans to group companies, of which 30 million were for Servicio Integral a Horeca and 4.7 million for Brew Master Hub. There was also a 17% increase in purchase commitments with suppliers, mainly for malt, totaling 295.3 million.
Heineken Spain has 1% of its sales corresponding to exports. Although the countries to which Heineken Spain exports are not specified, it is important to mention that Heineken, at a global level, has a strong presence in more than 180 countries. For example, in Mexico, the main destination of its beer exports is the United States, with 72%, followed by Chile and Australia with 5.0%, Canada with 4.0%, the United Kingdom with 2.0%, while the remaining 12% is exported to different countries.
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