HEINEKEN N V S/ADR - HEINY STOCK NEWS

Heineken N.V. (HEINY) reported solid 2024 half-year results with 6.0% organic growth in net revenue and 12.5% organic growth in operating profit (beia). Key highlights include:

- Beer volume organic growth of 2.1%
- Heineken® brand volume growth of 9.2%
- Diluted EPS (beia) up 5.9% to €2.15
- Premium beer volume grew 5%
- Heineken® 0.0 up 14%

The company updated its full-year outlook, expecting operating profit (beia) to grow organically in the range of 4% to 8%. Heineken plans to significantly increase investments in marketing and sales in key markets during the second half of 2024. The company remains on track to deliver €0.5 billion in gross savings for 2024.

On June 24, 2024, Heineken N.V. announced the successful placement of €900 million in 12-year Notes with a 3.812% coupon rate.

The Notes, part of Heineken's Euro Medium Term Note Programme, will be listed on the Luxembourg Stock Exchange. Proceeds will be used for general corporate purposes, including debt repayment.

The Notes will mature on July 4, 2036. BBVA, Citigroup, Goldman Sachs, J.P. Morgan, and Société Générale were the active book runners for this issuance.

Tonight, Heineken® celebrated thousands of 'real hardcore fans' by integrating their faces into the UEFA Champions League Final Trophy Lift confetti. This event marked the climax of Heineken®'s 'Cheers To The Real Hardcore Fans' 2024 campaign. Fans' selfies were used on biodegradable confetti, symbolizing fan inclusion. One lucky fan won tickets to the Final. The campaign showcased diverse, dedicated fans through various global initiatives, including transforming laundromats in Seoul and installing giant screens in Peru. Heineken® plans to continue celebrating fan inclusion in upcoming seasons.

Heineken Silver has announced a new collaboration with Marvel Studios, celebrating the release of 'Deadpool & Wolverine' on July 26, 2024. The campaign features Ryan Reynolds and Hugh Jackman and aims to emphasize the beer's less bitter taste. The promotion will include a television spot, in-store promotions, and extensive digital and social media support. Heineken Silver, a lighter beer with only 2.9 carbs and 95 calories, hopes to connect people by providing a less bitter experience. This partnership continues Heineken Silver's 'All The Taste, No Bitter Endings' campaign, following previous collaborations with Marvel Studios.

Heineken N.V. held its Annual General Meeting of Shareholders (AGM) and approved all agenda proposals. Key resolutions include the re-appointment of Executive Board and Supervisory Board members, adoption of a dividend of EUR 1.73 per share for 2023, with the final dividend of EUR 1.04 payable on 7 May 2024, and appointment of external auditor KPMG Accountants N.V. for the financial year 2025.

Heineken N.V. reported a strong first-quarter trading update for 2024 with revenue of €8,184 million, up 7.2%. Key highlights include organic growth in net revenue, beer volume, premium beer volume, and Heineken® brand volume. The company maintained its outlook for the full year with an expected low- to high-single-digit growth in operating profit. The CEO highlighted positive growth across regions, premiumization trends, digital platforms, and sustainability efforts.

Heineken® and Bodega have launched 'The Boring Phone' to help people disconnect from smartphones and enjoy real-life connections on nights out. The phone, with reduced tech capabilities, aims to combat excessive screen time and distractions. Research shows that 90% of Zillennials admit to scrolling on nights out, prompting the need for a device that promotes being present in the moment. The collaboration between Heineken® and Bodega introduces a transparent, basic phone that limits access to social media and apps, emphasizing the importance of offline interactions.

Heineken introduces a 'Beer Level' to ensure perfectly balanced taste in every glass as part of a global campaign. With 25 million serves daily across 192 countries, the campaign highlights Heineken's premium quality and refreshment. Master Brewer reveals the secrets to the perfect pour, emphasizing the importance of 100% natural ingredients and a precise pouring technique. The campaign captures the iconic 'first sip' feeling associated with Heineken, showcasing its consistent taste and dedication to brewing excellence for over 150 years.

Heineken launches innovative Pub Museums initiative to preserve historical Irish pubs by transforming them into museums. The campaign aims to safeguard pub culture and promote socializing by partnering with three iconic Irish pubs to create virtual museum experiences. Visitors can explore the rich history of these pubs through digital journeys and historical artefacts. Heineken also supports the Vintners’ Federation of Ireland's bid for UNESCO recognition of traditional pubs as cultural heritage sites.