Asahi Group Holdings FY2022 Financial Results

Asahi Group Holdings, Ltd.

(Tokyo, Japan - February 14, 2022) – Asahi Group Holdings, Ltd. announces the financial results of fiscal year 2022.
 

Key Highlights

 
  • Revenue (constant currency basis) grew by +8.0% YoY in total mainly due to increase in sales volume in each region, as well as the positive effect of premiumization and price realization.
  • Core operating profit (constant currency basis) grew by +5.9% YoY mainly due to the increased revenue and various cost efficiencies despite more-than-expected variable costs.
  • Adjusted profit*1 excluding the loss of SCM restructuring was +7.0% YoY.
  • The five global brands grew by +8%*2 YoY in total driven mainly by the top priority brand growth of Asahi Super Dry (+15% YoY), along with Peroni Nastro Azzurro (+13% YoY).
  • Net Debt EBITDA Ratio declined to 3.61x at December 31, 2022 compared to 4.24x at December 31, 2021. Aim to achieve a dividend payout ratio of 40% by 2025, staying on track for fiscal soundness and other financial measures.

*1 Calculated from profit attributable to owners of parent excluding one-off special factors including business portfolio restructuring and impairment loss.
*2 Based on sales volumes excluding the home markets

 

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