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HEINEKEN N V/S ADR (OTCMKTS:HEINY) enjoyed a quiet day yesterday as it closed at the end of the last trading session with a gain of 0.13%. The volume of the day at 305,000 was higher than the daily average of 135,000, none of the numbers being too significant. The stock has been in an uptrend for a long time now, oscillating inside a wide rising channel. It broke out above the upper boundary last week, signaling a major acceleration in bullish momentum, evident from the immediate gap up moves. Much more upside can be expected now.

HEINEKEN N V/S ADR (OTCMKTS:HEINY) has reported the financial results for recently concluded 3Q2015. The biggest highlight of the result announcement was 7.5% organic growth in its consolidated revenues and 1.8% hike in revenue per hectoliter.

Overall consolidated revenue increased 8% to touch whopping €5,509 million. A favorable currency benefit of €41m helped the company surpassing €5,500 mark despite a negative consolidation effect of €17 million.

Financial Highlights

When it comes to consolidated beer volume for the quarter, Heineken showed a reasonable hike of 5.4% with excellent growth in Europe, Asia-Pacific and Americas, whereas flat growth in Africa, Eastern Europe and the Middle East. It was due to company’s excellent performance in Europe and Americas that led it to achieve 3.9% growth in the premium segment.

It has kept the operating margin expansion guidance for FY 2015 unchanged; however, the guidance on tax, foreign currency and the interest rate has been revised.

The financial performance of the company during first nine months was up to the mark. The total profit for the first nine months of 2015 surpassed €1,776 million as compared to €1,091 million for the same period in 2014.

The senior management of Heineken’s delighted to announce the results and hoped that company’s financial performance would continue to improve in the coming months. According to Jean-François van Boxmeer, CEO & President-Executive Board, Heineken, this performance is in line with company’s performances in the previous quarters of 2015. The excellent portfolio of brands and well-balanced global footprint of Heineken has helped it maintain significant top and bottom line growth.

Based on these financial figures, it now forecasts an average interest rate of c.3.2% during the remaining months of 2015 as compared to 3.7% in the last year. Apart from this, Heineken also expects the effective tax rate to revolve around 28% as compared to 29.4% in 2014.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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