The Dutch brewer saw its net revenue fall by 11.9% to €19.72 billion in 2020. Operating profit for the full-year was €2.42 billion, representing an organic decrease of 35.6% as all regions witnessed declines amid the Covid-19 pandemic.
Loss in operating profit was in particular driven by performance in Europe – due to on-trade closures – Mexico, South Africa and Indonesia.
Operations in Mexico were suspended throughout most of the second quarter, while South Africa experienced a Covid-related suspension of all alcohol companies in Q2 and a ban on the sale of alcohol. Indonesia suffered from lockdown impacts throughout most of the year and the absence of international tourism in the key Bali region.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Avocados: Health Benefits And Sustainable Cultivation
ATTRACTIVE GROWTH SEGMENT - In only a few years, the avocado has developed from being a rather a and has become an integral part of modern cuisine and in restaurants throughout Europe and beyond.
UFlex to Showcase Innovative and Sustainable Printing and Packaging solutions at DRUPA 2024
U Flex Limited, India's largest multinational flexible packaging and solutions company, is participating in DRUPA 2024, the premier global trade fair for print and packaging innovations, scheduled to take place in Dusseldorf, Germany from March 28 to June 7, 2024.
Hubergroup and Manroland Goss unite for Sustainable Packaging Innovation
Hubergroup, a global specialist in and chemicals, has partnered with manroland Goss web systems, a leading provider of web offset printing solutions, in a strategic collaboration.
Technological Advancements in the Premium Flavour, Extract and Concentrate Industry
Food Marketing & Technology Magazine had the privilege of hosting the fourth edition of their business webinar on “Technological Advancements in the Premium Flavour, Extract and Concentrate Industry” with Paul Ahn, Global Sales Manager, Flavourtech.
Flavourtech's Origins: From Wine to Worldwide Flavor Solutions
LEON SKALIOTIS, CEO of Flavourtech - Discover how Flavourtech, founded over 40 years ago by an innovative winemaker in Australia, evolved from addressing grape juice desulphiting to revolutionizing flavor extraction and concentration across various industries.
How CPG Companies Can Adopt Better Sustainable Packaging Practices in 2024
Sustainability has gone mainstream. With more switching to consumers environmentally friendly brands, it's become a central theme across all industries.
The Evolution of the Protein Value Chain Sustainable Protein Systems for a Growing World
As the world's population is on course to surpass ten billion by 2050, our food systems face the challenge of providing sustainable nutrition without further harming harming the planet. Animal-based diets and the reliance on animal-derived proteins are significant contributors to environmental degradation and public health issues. Not only is the global population increasing, but the expanding middle class in developing nations is driving a surge in protein demand, intensifying the strain on our environment.
Implementing the Technological Intelligence in Agricultural Produce
It is estimated that by 2050 the I world's population will be around 10 billion. From employment generation to contribution to National Income, agriculture is important to all of us as agricultural produce is the core on which we survive. It contributes a significant portion to the economic prosperity of the developed nations and plays an active part in the economy of the developing countries as well.
Cocoa Crises: A Sweet Industry's Bitter Challenge
As a pastry chef and entrepreneur running a small-scale baking business, I have always believed in the magic of cocoa. From the velvety richness of couverture chocolate to the deep, earthy notes of cocoa powder to the creamy allure of cocoa butter, these ingredients are the essence of our creations.
Ethylene Oxide (ETO) Detection in Ready-Made Spice Mixes: Ensuring Food Safety
INTRODUCTION - In the world of culinary delights, ready-made spice mixes hold a cherished place, adding convenience and flavour to countless dishes. However, recent concerns over food safety have brought to light the presence of ethylene oxide (ETO) in some of these products.
