Net revenue (beia) increased 24.3% organically, driven by a 7.7% increase in total consolidated volume and a 15.6% increase in net revenue (beia) per hectolitre.
Revenue for the first half of 2022 was 16,401 million (2021: 11,970 million). We aim to achieve this by sharp consumer and customer orientation, leveraging our leading premium brands, developing winning consumer propositions in fast-growing segments and continuously shaping our geographic and portfolio footprint. Our ambition is to deliver superior growth with a good balance between volume- and value-driven revenue expansion, positioning us among the fastest growing global beverage companies. 3 Includes acquisitions and excludes disposals on a 12 month pro-forma basis. 2 Organic growth shown, except for Diluted EPS (beia), which is total growth. Our medium-term aspiration remains to deliver superior, balanced growth with operating leverage over time.ġ Consolidated figures are used throughout this report unless otherwise stated please refer to the Glossary for an explanation of non-GAAP measures and other terms used throughout this report. For 2023, we move from an operating margin objective towards delivering operating profit (beia) organic growth. In terms of outlook, we reiterate our 2022 goals. Remaining vigilant, we are fully committed to drive our EverGreen transformation for sustained, long-term value creation. We continue to face an uncertain outlook for consumers and businesses alike. As a result, operating profit is now firmly ahead of 2019. Our actions on pricing, revenue management and productivity offset significant inflationary pressures in our cost base. We grew ahead of the industry in more than half of our markets and the Heineken ® brand again showed strong momentum, boosted by stepped up brand support.
Our business performed well in the first half of 2022. We benefitted from the recovery in Asia Pacific and the on-trade in Europe as consumers returned to the bars, with demand resilient until now despite mounting inflationary pressures on consumers' disposable income. We are encouraged by the results for the first half of the year.
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