Heineken NV

HEIA

Equity

ISIN NL0000009165 / Valor 1804984

Euronext - Euronext Amsterdam (2024-11-21)

EUR 69.88-0.63%

Heineken NV
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About company

Heineken NV is a global brewing company with a history spanning over 157 years, known for its flagship Heineken beer among other brands. In February 2021, the company launched its EverGreen strategy, aimed at ensuring the long-term sustainability and growth of the business in response to changing market dynamics and the challenges posed by the COVID-19 crisis. The strategy focuses on delivering superior and balanced growth by driving premiumization and expanding into new categories such as non-alcoholic beverages, flavored and less bitter beer variants, ciders, and hard seltzers. Heineken NV is also committed to enhancing its digital capabilities to improve efficiency and customer engagement. The EverGreen strategy, which emphasizes adaptability and resilience, seeks to balance short-term objectives with long-term sustainability, aiming to create lasting value for stakeholders while maintaining the company's heritage and values.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Heineken NV reported a revenue of €8,184 million for the first quarter of 2024, marking a 7.2% increase compared to the same period last year. This growth was driven by both volume and value improvements across various markets.

Organic Growth

The company achieved a net revenue (beia) organic growth of 9.4%, with a per hectolitre growth of 4.9%. This indicates a strong performance in terms of both sales volume and pricing strategies.

Beer Volume

Heineken NV saw an organic growth of 4.7% in beer volume during the first quarter of 2024. This growth was supported by a robust performance in multiple regions, reflecting a recovery in consumer demand.

Premium Segment

The premium beer segment experienced a significant organic growth of 7.3%. Heineken® brand alone saw a remarkable 12.9% increase in volume, becoming the number one brand by value in Brazil.

Outlook

Heineken NV maintained its outlook for the full year, expecting operating profit (beia) to grow organically in the low- to high-single-digit range. The company remains focused on its EverGreen priorities and continues to invest in brand strength and market capabilities.

Summarized from source with an LLMView Source

Key figures

-15.8%1Y

-24.7%3Y

-24.6%5Y

Performance

19.6%1Y

21.6%3Y

23.3%5Y

Volatility