Heineken targets Canada Goose Outlet margin growth in volatile 2017
BRUSSELS (Reuters) Strong growth in Asia canadian goose jacket and Mexico led an canada goose outlet toronto factory increase canada goose deals in canada goose replica Heineken beer sales 2018 canada goose outlet in 2016 as the world second largest brewer edged above earnings expectations and forecast even better margins this canada goose coats on sale year.
FILE PHOTO Packs of Heineken beer Canada Goose Coats On Sale are displayed for sale in a Casino supermarket in Nice, France, January buy canada goose jacket 16, 2017. REUTERS/Eric Gaillard/File Photo
The Dutch maker of Europe top selling lager Heineken, as well as buy canada goose jacket cheap brands including Tiger and Sol, sold 3 percent more beer last year, Canada Goose Online with the sharpest increase in Asia.
Sales also grew in France, Italy, Poland, https://www.arconserve.ca Spain and Mexico, but fell in Nigeria, one of the group top four markets, as well as in the Democratic Republic of Congo and in Russia.
Chief Executive Jean Francois van Boxmeer said margin expansion should be in line with the group target of 40 canada goose black friday sale basis points, excluding major unforeseen economic and political developments and the impact of recent acquisitions in Brazil cheap Canada Goose and canada goose clearance sale Britain.
Some investors had felt it might struggle to reach its medium term margin target this year after it achieved a 54 point improvement in 2016.
Heineken shares were up 4.0 percent at 0830 Canada Goose Parka GMT, making them the strongest performers canada goose coats in the FTSEurofirst 300 index of leading European stocks.
a good set of numbers. and margin expansion this year. You couldn really ask for better than that, said Trevor Stirling, canada goose outlet store locations beverage analyst at Bernstein Research.
Heineken said it assumed a similar negative impact from currencies as last year, including a 1.1 billion euro (933.48 million pounds) hit on revenue. Chief Financial Officer Laurence Debroux said, for example, another devaluation of the Nigerian naira was likely later this year.
that all will pan Canada Goose sale out we don know. We are prepared for that. We going canada goose clearance to surf the wave as it comes, but I think specifically for the tax situation, the NAFTA situation, this is a lot of Canada Goose Jackets speculation, he told Reuters.
Heineken operating profit excluding one offs rose by 9.9 percent on a like for like canada goose basis excluding currency movements and one offs to 3.54 billion euros ($3.7 billion) last year. That compared with the 3.51 billion average forecast in a Reuters poll.
Heineken ranks as the world number two brewer, canada goose although the gap between it global leader AB InBev has widened after the latter near $100 Canada Goose online billion canada goose store takeover of SABMiller late last year.