|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||102.75 - 103.85|
|52 Week Range||75.34 - 104.00|
|Beta (5Y Monthly)||0.60|
|PE Ratio (TTM)||31.06|
|Earnings Date||Feb 12, 2020|
|Forward Dividend & Yield||1.65 (1.59%)|
|Ex-Dividend Date||Jul 31, 2019|
|1y Target Est||92.35|
Two Dutch companies were among the most actively traded securities on OTC Markets in December, the first time all year that companies from northern Europe had such high trading volume in a given month. ...
(Bloomberg) -- The milk float, a home-delivery service that evolved from horse-drawn carriages to early electric vehicles, belongs firmly in the past. Or does it?A little known Amsterdam-based online grocery company had revived the concept, but with a modern flourish.Picnic BV has a concept dubbed “Milkman 2.0” to deliver groceries using electric vehicles, focusing on less food waste and fewer food miles traveled. The company buys and delivers locally, with its vans going no faster that 50 kilometers per hour.“Our aim is create a sustainable infrastructure for food delivery,” Joris Beckers, the company’s 53-year-old co-founder, said in a phone interview.Founded in 2015, Picnic has unleashed a fleet of 1,000 electric vans on to the streets of the Netherlands and Germany and plans to add “hundreds more” by the end of 2020. The company says the delivery vehicle it has designed and produced is fully electric and “has no small particle emissions and prevents traffic due to its slim design.”Wealthy BackersBacked by investors including the investment arm of the entrepreneurial Fentener van Vlissingen family, the company raised 250 million euros ($278 million) in a new round of funding in November.Other backers include De Hoge Dennen Capital, the De Rijke family and Hoyberg, the investment arm of the Hoyer family, which is a shareholder of Heineken NV.“We are high growth, high risk, but in it for the long-term,” Beckers said.The company will use the cash to continue its growth and build a “robotised fulfilment center” for online groceries in Utrecht, Holland. The center will aim to process around 150,000 orders every week, it says.Building InfrastructureThe grocery-delivery market is intensely competitive, and Picnic’s concept is not entirely original. In the U.K., Ocado is among online supermarkets with no stores that delivers from its warehouses. In Germany, there’s Bringmeister.Picnic says it has a 5% market share in the most mature cities in which it is active. The grocery market in the Netherlands totals 40 billion euros and in Germany it’s 175 billion euros, according to the company.This year was a record for Picnic, which added almost 300,000 new customers in the Netherlands and Germany. Picnic’s annual revenue currently stands at about 300 million euros, but the company has its sights set on bigger things.A law graduate and a biking enthusiast, Beckers, who said at a Shop Talk Europe conference in 2017 that he “stumbled into the internet world around about 1999, when Amazon was still a little bookstore,” doesn’t want Picnic to stop at groceries.“Food is our entry point but we’re building an e-commerce infrastructure,” he said.For instance, the company is operating a number of pilot projects with fashion retailers including Zalando SE to allow customers to send their returns back via Picnic.“We are disrupting and significantly improving the e-commerce experience,” Beckers said.To contact the reporter on this story: Sarah Syed in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Vidya RootFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
NEW YORK , Nov. 15, 2019 /PRNewswire/ -- Deutsche Bank today announced that the presentations from the November 13 th and 14 th Depositary Receipts Virtual Investor Conference ("dbVIC") are ...
Amsterdam, 13 November 2019: HEINEKEN has announced it will become ‘Official Beer Partner of UEFA EURO 2020™’, and in a separate agreement has extended its UEFA Champions League partnership by another three years, from 2021-24. The brewer’s relationship with UEFA Champions League is already well established, stretching back over 25 years. The new UEFA EURO 2020™ agreement means that Heineken® will be a partner of Europe’s most prestigious club and international football tournaments.
Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event AMSTERDAM , Nov. 7, 2019 /PRNewswire/ -- HEINEKEN (EXCHANGE:HEIA.NA, OTCQX: HEINY) ...
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on November 13th and 14th, 2019
Coca-Cola Femsa SAB de CV and Heineken NV announced late on Thursday the end of an arbitration on contracts of beer distribution in Brazil favorable to Femsa. Both companies said beverages produced by Cervejaria Kaiser, acquired by Heineken in 2010, will continue to be distributed by Coca Cola bottlers in Brazil through 2022. With the arbitration decision, Heineken will have to keep two separate distribution networks for its beers in Brazil, the Kaiser system and one it purchased from Kirin Holdings Co in 2017.
Amsterdam, 31 October 2019 – Heineken N.V. (“HEINEKEN”) announces that the Arbitral Tribunal concluded that Cervejarias Kaiser Brasil S.A. (“Kaiser”), one of HEINEKEN’s.
Heineken , the world's second-largest brewer, will invest 985 million reais ($244 million) in Brazil to double its production capacity, CEO Mauricio Giamellaro told the Valor Econômico newspaper in an interview published on Friday. The investment, which started in January and is expected to be concluded by June 2020, is the largest by the Dutch brewer in Brazil since it acquired the local operations of Japan's Kirin in 2017 for 2.2 billion reais, the newspaper said. The maker of Heineken, Amstel and Eisenbahn has set a goal of double-digit growth in the mainstream and premium segments in Brazil, Giamellaro told Valor, adding a fall in sales volumes seen in the third quarter is unlikely to persist.
Heineken , the world's second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly offset strong growth in Asia. The Dutch maker of Heineken, Europe's top-selling lager, as well as Tiger, Sol and Strongbow cider, said on Wednesday that operating profit before one-offs would rise by about 4% on a like-for-like basis in 2019. It had previously forecast mid-single-digit percentage growth, although market expectations had shifted to the bottom of that range after operating profit barely grew in the first half of the year.
Amsterdam, 23 October 2019 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today publishes its trading update for the third quarter of 2019. KEY HIGHLIGHTS Beer volume +2.3%.
Heineken was the official brand sponsor for U.S. Open for the 28th year, and used the tournament to promote its zero-alcohol beer. Yahoo Finance's Dan Roberts talks to Kristin Myers and Heidi Chung about his discussion with Heineken CMO Jonny Cahill at the tournament about the marketing campaign, which used two long-retired athletes.