Latest news with #Martijn
The Sun
2 days ago
- Business
- The Sun
Heineken Malaysia posts softer results. declares 40 sen dividend
KUALA LUMPUR: Heineken Malaysia Bhd posted a dip in earnings for the second quarter and first half of financial year 2025 (FY25) as softer consumer sentiment and cost pressures weighed on its performance. For the quarter ended June 30, 2025 (Q2'25), revenue fell 5% to RM540 million compared with RM565 million in the same quarter last year. Profit before tax (PBT) slipped 9% to RM109 million from RM120 million, while net profit came in at RM83 million, down from RM91 million previously. Cumulatively, the brewer booked RM1.30 billion in revenue for the first half of FY25, a 4% drop from RM1.35 billion in the same period a year earlier. PBT eased 4% year-on-year to RM270 million, while net profit slid to RM205 million from RM214 million. The group attributed the softer results to cautious spending, the timing of Chinese New Year celebrations and continued investments in its commercial and digital transformation initiatives. Managing director Martijn van Keulen said the evolving market environment had tested the group's resilience but reaffirmed its commitment to the EverGreen strategy. 'The first six months of 2025 have been marked by a dynamic and evolving market landscape. Although we saw a moderation in consumer demand following the festive season and more cautious spending, our focus remains clear as we are committed to delivering our EverGreen strategy,' he said on Friday. The brewer has been channelling investments into its digital backbone, a transformation programme aimed at streamlining processes, harnessing data and driving innovation to secure long-term growth. 'We will continue investing in our core brands, by driving innovation and impactful activations that deepen connection with our consumers and leveraging digital capabilities,' Martijn said. Despite the earnings dip, the board declared a single-tier interim dividend of 40 sen per share for the financial year ending Dec 31, 2025. The dividend will be paid on Oct 30, with Oct 9 as the entitlement date. On outlook, Martijn said Heineken Malaysia remains vigilant of macroeconomic uncertainties but is banking on digitalisation and consumer insights to stay relevant. 'Despite the ongoing macroeconomic challenges, we remain agile and forward-looking by harnessing the power of digital solutions and data-driven decision-making. This approach strengthens Heineken Malaysia's long-term resilience to ensure we stay relevant to our customers and consumers in a dynamic market environment,' he said. The group continues to align its operations with its EverGreen strategy, which seeks balanced growth through topline expansion, profitability and capital efficiency while embedding sustainability and responsibility into its business model. Martijn stressed that Heineken Malaysia will continue working closely with the authorities to combat illicit trade through collaboration and market education.
The Star
4 days ago
- Business
- The Star
Heineken eyes opportunities in increased tourism activities
Heineken Malaysia managing director Martijn van Keulen PETALING JAYA: Heineken Malaysia Bhd is eyeing opportunities from the increased tourism activities in the country, despite concerns on soft consumer sentiment for the time being. Its managing director Martijn van Keulen in the presentation of the company's 2Q financial performance said its results were mainly due to weaker consumer sentiment, which was in part affected by the continued external trade situation. 'The geopolitical situation is not helping especially with the talk on US-tariffs. Consumers are slowing down on the amount of money they're willing to spend on luxury items. The first half was rife with some challenges - the strong Chinese New Year season this had started strongly but the consumer sentiment faded a little bit in March to May. "Hopefully we will see consumer confidence returning eventually,' Martijn said. Its finance director Jana Martine Hanneman said while the situation was difficult with the struggling consumer sentiment, the company was committed to sustaining a dividend payout. 'There was a slowdown in the consumer sentiment in the first half and the weaker consumer sentiment had hit us in our results - but despite this we are invested in the long term future of our company,' she said. In 2QFY25, Heineken recorded a revenue of RM540mil which is a 5% year-on-year decrease compared to 2024 which the company says reflects a more cautious consumer sentiment. The group's net profit decreased by 9% to RM83mil in the said quarter from RM91mil in the same quarter a year earlier. This was affected by the softer revenue and increased cost pressures, Heineken said.
Edinburgh Reporter
22-07-2025
- Business
- Edinburgh Reporter
Green credentials shine out at Edinburgh hotel
Edinburgh hotel lands global eco-award for third consecutive year One of Edinburgh's best-known hotels has been recognised for putting planet before profit – scooping one of the world's top environmental honours for the third year running. The Sheraton Grand Hotel & Spa has once again been awarded the prestigious Green Key certificate, a coveted international mark of excellence for sustainability in the hospitality sector. Backed by the Foundation for Environmental Education, the Green Key is a stamp of approval for hotels that meet and maintain the highest standards in green practice, with fewer than 8,000 holders worldwide. It's also the leading global eco-label operating in over 70 countries worldwide to support and recognise environmental excellence in hotels, restaurants and venues. Green Key provides a comprehensive framework for continual environmental improvement. While five-star hotels might not immediately be associated with eco-efficiency, the Sheraton Grand has proved that luxury and responsibility can go hand in hand, earning serious recognition in the process. Martijn Zengerink, General Manager at the Sheraton Grand Hotel & Spa, said: 'This is the third consecutive year that we've effectively demonstrated our commitment to environmental excellence. 'This recognition is much more than a certificate on the wall, it's confirmation that our team is continuously doing our part to be sustainable in every area. Our guests expect it, as do our stakeholders but most importantly, we hold ourselves accountable to these standards. 'This award is for the whole team. Every single member plays a part – whether it's measuring food waste, rethinking procurement, or simply switching off lights at the right time.' The Green Key is open to hotels, hostels, holiday parks, attractions and restaurants that want to go beyond the basics – with strict criteria covering energy use, water consumption, waste, sourcing and staff engagement. The hotel has taken bold steps to cut waste and boost green outcomes across its operations – with results that are being noticed both behind the scenes and by those booking big-ticket corporate events. One of the stand-out successes has come from teaming up with Winnow, an AI-powered food waste platform that helps commercial kitchens track what's being thrown away. Since introducing the system, the hotel has slashed food waste by 15% and seen knock-on benefits from reduced labour hours to a leaner, more efficient kitchen operation. The hotel's approach to sustainability now also extends to every touchpoint with clients – especially major businesses looking to align with like-minded venues. Martijn added: 'We've seen a real shift in conversations with corporate clients. Sustainability is now part of the negotiation. They want to know what we're doing, how we're doing it, and how it supports their own ESG goals. 'That might mean building plant-based dishes into event menus, or ensuring surplus food is redistributed rather than binned. 'We're proud to be part of a global movement that's showing the hotel industry what real sustainability looks like.' So far this year, six large-scale events have led with a plant-based first course, with another eight already in the diary. Elsewhere, the hotel has dialled down single-use plastics, rolled out energy-saving tech across rooms and back-of-house, and made water-saving changes to its spa and laundry systems. All these efforts feed into the rigorous standards set by the Green Key programme, which requires continual progress, frequent audits and full transparency. The Sheraton Grand remains one of Edinburgh's leading luxury hotels and in its 40th year is continuing to receive industry recognition. Like this: Like Related
The Sun
07-05-2025
- Business
- The Sun
Heineken Malaysia delivers steady quarterly performance
PETALING JAYA: Heineken Malaysia Bhd delivered steady performance and sustained its momentum in a dynamic market landscape in the first quarter ended March 31, 2025 (Q1'25). In the first quarter, the group experienced a slight decline in revenue by 3% compared to the same quarter in 2024. The decrease is primarily influenced by the timing of Chinese New Year (CNY), with this year's festive period occurring in January, resulting in an earlier sell-in activity that took place in the fourth quarter of last year. Despite the slight decline in revenue in Q1'25, the group maintained steady profit before tax (PBT) of RM161 million and net profit of RM122 million, demonstrating strength and stability. Managing director Martijn van Keulen (pix) said, 'Our performance this quarter was impacted by an earlier CNY and post-festive demand normalisation. We are resilient in maintaining our profitability, and it reflects our disciplined cost management and focus on financial efficiency. As we build momentum for 2025, we will continue our growth journey through our EverGreen strategy. This strategy is anchored on driving superior growth with a cost-conscious mindset, catering to evolving consumer preferences, embedding sustainability into our operations, investing in becoming the best-connected brewer, and most importantly, unlocking the potential of our people.' On outlook, Martijn shared, 'As we move forward, we anticipate that consumer sentiment will be shaped by inflationary pressures and ongoing global economic uncertainties, particularly those arising from tariff-related issues and escalating geopolitical trade tensions, which could impact consumer confidence and spending patterns. Nevertheless, we will continue to navigate the dynamic landscape with agility, driving topline growth through targeted commercial initiatives while maintaining disciplined cost control and operational efficiency to sustain healthy margins. We will continue to future-proof the business, as we execute our EverGreen strategy in navigating the evolving external environment.' The board of directors does not recommend any dividend in respect of the quarter ended. In 2024, the group paid RM1.45 billion in taxes, representing 52% of its total revenue. The excise duty is one of the highest in the world. This highlights Heineken Malaysia's contribution to the economy and creating value for the country and its people. The group applauds the government's decision to maintain excise duties on beers in Budget 2025, as any hike in excise rates will drive greater demand for illicit alcohol. Heineken Malaysia regards illicit alcohol as a serious issue and remains committed to supporting the government in mitigating illicit trade through holistic efforts, including enforcement collaboration and raising greater awareness in the market.
