Heineken Holding N.V. reports strong revenue growth and operating profit increase in first half of 2024.

From GlobeNewswire: 2024-07-29 01:01:00

Heineken Holding N.V. reports revenue of €17,823 million with 6.0% organic growth and operating profit of €1,542 million. Beer volume organic growth was 2.1%, with Heineken® volume up 9.2%. The outlook for the full year predicts operating profit to grow organically between 4% to 8%. In the first half of 2024, HEINEKEN saw revenue growth of 2.2% and net revenue increase of 6.0% driven by largest operating companies in Nigeria, Mexico, Brazil, Vietnam, and India.

Premium beer volume increased by 5.1%, led by Heineken® with 9.2% volume growth. Heineken® brand won multiple awards for creative campaigns and had successful growth in markets like Brazil, China, and Vietnam. HEINEKEN continues to focus on balanced growth, premiumization, digital connectivity, and sustainability initiatives to drive long-term value creation.

HEINEKEN’s EverGreen strategy shows solid progress in the first half of 2024, with more balanced revenue growth, good operating leverage, and successful cost-saving initiatives. HEINEKEN plans to increase investments in key markets for long-term growth while facing challenges like inflation and currency devaluations. The company updates its full-year outlook to grow operating profit (beia) organically by 4% to 8%.



Read more at GlobeNewswire:: Heineken Holding N.V. reports 2024 half year results