Heineken Posts Solid Numbers

Dear Client:Heineken NV posted solid global full year 2014 results early this morning. Organic revenue was up 3.3% and operating profit was up 7.8%. In the US, Heineken USA also posted sequentially improved results as the year went on. In the last nine months Heineken lager volumes have been in the black and ending up the year flat (up 4.4% in the last four weeks of the year). Total HUSA depletions were positive in the fourth quarter. "Momentum picked up