Cheerful, but not too much. Turnover and profits are growing, but analysts expected more, and so the Dutch Heineken loses 2,7 percent at the start.
The brewer closed the first half of the year with a turnover of 10,375 billion euros, marking a +3 percent compared to the same period of 2012. Operating profit amounted to 1,448 billion euros, up by 5% compared to the 1,378 billion achieved in the first six months of 2012.
Positive numbers, but lower than expected. This is why Heineken loses 2,7% at the opening. ABN Amro gave the stock a hold rating with a target price of 54 euros.
Slight growth also for Carlsberg. The Danish company closed the first half of the year with a turnover of 4,4 billion euros, an increase of 2,5% compared to the 4,3 billion euros of the same period of the previous year.
Operating income amounted to 548 million euros, up 4%. The figures are contained in the brewer's semi-annual report, which also reported increases in market share in Asia and Western Europe.
