Heineken N.V. reports strong revenue growth, increased beer volume, and confirms 2024 profit guidance.

From GlobeNewswire: 2024-10-23 02:00:00

Heineken N.V. reports a revenue of €9,072 million for the quarter and €26,895 million year to date. Beer volume saw organic growth of 0.7% for the quarter and 1.6% year to date, with premium beer volume growing 4.5% and Heineken® volume up 8.7%.

CEO Dolf van den Brink highlights the company’s balanced growth in the third quarter, with premium volume up 4.5% and non-alcoholic beer & cider growing by 11%. Heineken® showed strong performance, growing 8.7%, while the company is on track to reach its 2024 gross savings target.

Heineken reports revenue of €9.1 billion for the quarter, with net revenue organically growing by 3.3%. Beer volume increased organically by 0.7%, with growth in Europe and Africa & Middle East offsetting slight declines elsewhere. The company is gaining or holding volume market share in over half of its markets year to date.

Premium beer volume increased by 4.5%, driven by strong performance in Brazil, South Africa, and India. Heineken® volume grew 8.7% overall, with double-digit growth in 30 markets. Business-to-business digital platforms captured €9.3 billion in gross merchandise value year to date, up 26% from last year.

HEINEKEN confirms its 2024 guidance of 4% to 8% operating profit (beia) organic growth. The company is increasing investments in its brands for long-term sustainable growth. Analysts and investors can join a conference call with the CFO for more details on the Third Quarter 2024 Trading Update.



Read more at GlobeNewswire:: Heineken N.V. reports on 2024 third-quarter trading