Heineken Nv Stock Price, News & Analysis

HEINEKEN N.V. acknowledges FEMSA's decision to divest its full shareholding in the company, as FEMSA refocuses on retail and Coca-Cola FEMSA. This strategic shift includes the resignation of FEMSA's representatives from HEINEKEN's Supervisory Board. HEINEKEN expressed gratitude for FEMSA’s contributions over 13 years. The company will evaluate implications and options, potentially including acquiring shares from FEMSA in the future. Chairman Jean-Marc Huët thanked FEMSA representatives for their support during their tenure.

Heineken N.V. reported a remarkable revenue growth of 30.4% in 2022, with net revenue (beia) increasing by 21.2% organically. Operating profit (beia) surged 24% to €4,502 million, despite a 4.5% decline in overall operating profit. Key drivers included a 6.9% organic growth in beer volume and strong performance from premium brands like Heineken®, which saw a 12.5% increase in volume. The company achieved gross savings of €1.7 billion, targeting €2 billion by 2023. Heineken anticipates continued organic growth in operating profit, projecting a mid- to high-single-digit increase for 2023 amidst a challenging global economic outlook.

Heineken N.V. has nominated Beatriz Pardo and Lodewijk Hijmans van den Bergh for the Supervisory Board at the Annual General Meeting on April 20, 2023. Pardo, currently with Starbucks, brings extensive experience in brand strategy and operations. Hijmans van den Bergh, a lawyer, has served on multiple boards and has expertise in corporate governance. The AGM will also address the reappointment of Michel de Carvalho and Rosemary Ripley, while Ingrid–Helen Arnold's term will conclude. The board expresses gratitude for Arnold's contributions.

On November 30, 2022, Heineken announced its upcoming Capital Markets Event scheduled for December 1-2, where the Executive Team will discuss the EverGreen strategy aimed at redefining the future of beer. The company reaffirms its operating profit margins for 2022 and projected growth for 2023 despite economic challenges. For 2023, Heineken expects mid- to high-single-digit organic growth and stable to modestly growing volumes in developing markets. The strategy focuses on building brands and investments while managing rising input and energy costs.

Heineken N.V. reported robust Q3 2022 results, showing a 27.5% revenue growth, reaching €9,415 million. Organic net revenue growth (beia) was 19.8% with net revenue per hectolitre up 11.1%. Beer volume grew 8.9%, driven by a strong recovery in Asia Pacific post-COVID. The company maintains its 2022 full-year expectations and is on track to achieve €1.7 billion in gross savings from its productivity program. However, CEO Dolf van den Brink cites concerns about macroeconomic conditions and signs of weakening consumer demand.

Heineken N.V. reported a 37.0% increase in revenue for the first half of 2022, reaching €16,401 million. Organic growth in net revenue was 24.3%, driven by strong beer volume growth of 7.6% and a 13.8% increase in Heineken® brand volume. Operating profit rose 20.6% to €2,070 million, while net profit increased 22.3% to €1,265 million. Despite inflationary pressures, Heineken maintains its full-year expectations and adjusts guidance for 2023 to focus on organic growth. The company continues to implement its EverGreen transformation for sustainable growth.

Heineken N.V. (HEINY) held its Annual General Meeting of Shareholders on April 21, 2022, where all proposals were adopted. A final dividend of EUR 0.96 per share for 2021 was approved, payable on May 3, 2022, following an interim dividend of EUR 0.28. Adjustments to the Executive Board's remuneration policy were made to include ESG performance measures, supporting HEINEKEN’s sustainability goals. The meeting also saw the reappointment of several supervisory board members and the external auditor for 2023, Deloitte Accountants B.V.

Heineken N.V. reported a robust trading update for Q1 2022, with revenue growth of 35.9% to €6,989 million, compared to €5,145 million in Q1 2021. Net revenue (beia) experienced a 24.9% organic growth, reaching €5,753 million. Beer volume rose by 5.2% organically, with premium volume up 6.3%. The company remains optimistic despite anticipated inflationary pressures and plans to manage costs through pricing strategies. The full-year outlook for 2022 remains unchanged amidst macroeconomic uncertainties.

On March 28, 2022, HEINEKEN announced its decision to exit the Russian market, deeming its operations unsustainable amid ongoing geopolitical tensions. The company halted all investments and production of the Heineken® brand in Russia. An orderly transfer of ownership to a new entity is planned, ensuring compliance with local laws. HEINEKEN guarantees the payment of salaries for its 1,800 employees until the end of 2022 amid the transition, although it anticipates a total impairment and exceptional charges of around €0.4 billion from this move.