heineken nv the worlds second largest brewer reported annual results broadly as bad as expected and unveiled a new plan to boost income and find around 2 billion euros 24 billion of cost savings over the next three years the brewer of europes top selling lager heineken along with tiger and sol said in a statement on wednesday that ongoing covid19 restrictions meant 2021 revenue operating profit and operating profit margin would be below levels in 2019 before the pandemic struck the brewer unveiled details of a strategic review and said its new evergreen plan would boost income and raise margins the company said it wanted superior topline growth and would push its premium brands such as heineken and zeroalcohol lager even more it also aims to become the best digitally connected brewer to serve consumers increasingly looking for beer online the company said it would produce 2 billion euros 242 billion of gross savings by redesigning its organization to make it more efficient and effective reduce the complexity and number of its products and identify its least effective spending the company said it expected market conditions to improve gradually in 2021 and to continue to improve into 2022 with a slow recovery of bars and restaurants in europe it said it expected to achieve an operating profit margin before oneoffs of 17 by 2023 that compared with 123 last year and 168 in 2019