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BUDFF - Heineken: Buying The Safe Balance Sheet Brewer On Corona-Fears
Anheuser-Busch InBev SA/NV
Heineken (OTCQX:HEINY) (OTCQX:HKHHF) reported its FY19 earnings on February 13, 2020. The company posted organic volume growth of 3.1%, a decrease compared to last year’s 4.1%. Net profit increased by 4.3% to €2,517 million, which was also a decrease compared to last year’s 12.5% increase.
Even though we see a deceleration of the growth, I would still call it a solid report in which the company outperformed its closest competitors on almost all metrics. While growing volume used to be nothing to be proud of, major brewers like Anheuser-Busch