From GlobeNewswire: 2025-04-16 02:01:00

Heineken Holding N.V. reports €7,784 million in revenue for the first quarter of 2025, a 4.9% decrease. Net revenue (beia) saw organic growth of 0.9% and beer volume organically decreased by 2.1%. Premium beer volume grew by 1.8%, with Heineken® volume up 4.6%. Full-year outlook remains unchanged, with operating profit expected to grow organically by 4% to 8%. Currency translation negatively impacted net revenue by €345 million.

Heineken’s business-to-business digital platforms captured €3.1 billion in gross merchandise value, with an organic increase of 16%. Beer volume decreased by 2.1%, attributed to calendar timing impacts and earlier holidays. Premium beer volume increased by 1.8%, driven by strong growth in certain markets. Mainstream beer volume remained stable, with key brands performing well in major markets.

Heineken anticipates ongoing macroeconomic volatility that may impact consumers, citing weak sentiment and global inflationary pressures. To navigate this environment, Heineken remains agile in capital allocation and resource management. With over 95% of volume locally produced, Heineken’s brewery footprint is advantageous, supporting operational and financial results. Key financial indicators confirm the 2025 guidance, including a 4% to 8% organic growth in operating profit (beia).

Based on current assessments, Heineken forecasts a negative translational impact of approximately €1,720 million in net revenue (beia) for the full year. The company has initiated a share buyback program, repurchasing 556,151 shares for a total consideration of €37,678,728. Heineken will host an analyst call to discuss its first quarter 2025 trading update, accessible via its website. Analysts and investors can dial in using the provided telephone numbers.



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