Heineken Holding N.V
Heineken Holding N.V. was up 10% in August following strong operational performance. Volumes grew 3% over the quarter, pricing was robust at 1.8% and the company was able to cut significant costs from their operations. This resulted in EBIT growth of 13%, which was ahead of market estimates. The growth in margins was pleasing, and the subsequent announcement of a targeted 40 basis points growth in margins per annum over the coming years, assisted in bolstering the stock price.
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