Heineken to cash in EUR 42 mln in dividends from Romanian operations

Dutch beer producer Heineken group will cash in RON 180.27 million (approximately EUR 41.7 million) in dividends from its Romanian subsidiary for the 2012 financial year, the company announced this week. The dividend per share amounts to RON 1.49, and will be distributed over the next six months, according to Mediafax newswire.

The Romanian subsidiary of Dutch brewer Heineken posted net revenues worth RON 1.1 billion (approximately EUR 255 million) in 2012, up 13.2 percent y-o-y, while sold volumes increased by 5 percent the company has announced. Good weather last summer as well as the European Football Championship and the London Olympics were the main factors that overall boosted consumption last year.

Heineken Romania says it will continue remain on an upward trend in 2013 but that given the present economic context it is hard to make estimations about how the local beer industry will evolve this year, although there is still room for growth, said Onno Rombouts, the company’s managing director this March.

Heineken runs four factories locally in Miercurea Ciuc, Constanta, Craiova and Mures. Among the brands the brewer sells in Romania there are Bucegi, Heineken, Golden Brau, Silva and Ciuc Premium.

Romanians drank 18.2 million hectoliters of beer in 2012, up 7 percent y-o-y, according to data from the Brewers of Romania Association whose five main members – Bergenbier, Heineken Romania, Romaqua Group, United Romanian Breweries and Ursus Breweries – account for over 90 percent of the beer sold in Romania.

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In value, the Romanian beer market reached some EUR 1.8 billion last year.

Simona Bazavan