Welcome to our dedicated page for Heineken Holding news (Ticker: HKHHY), a resource for investors and traders seeking the latest updates and insights on Heineken Holding stock.
Heineken Holding N.V. (HKHHY) reports news tied to its role as a holding company with a participating interest in Heineken N.V. and related management, supervision and service activities. Coverage includes share buyback transaction reports, annual general meeting resolutions, dividends, distributions from reserves, board and remuneration matters, and trading updates connected to the Heineken group.
Company updates also reflect HEINEKEN's beer and cider portfolio, including the Heineken® brand, Heineken® 0.0, premium beer, low- and non-alcoholic beverages, global brands, local power brands and beyond-beer products. Operating news may cover volume, revenue, geographic markets, brand partnerships, sustainability themes and production activities across breweries, malteries, cider plants and other facilities.
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On April 20, 2023, Heineken Holding N.V. held its Annual General Meeting of Shareholders (AGM), where all agenda proposals were adopted. A key highlight was the announcement of a dividend distribution of EUR 1.73 per share for the fiscal year 2022. This includes an interim dividend of EUR 0.50 paid on August 11, 2022, and a final dividend of EUR 1.23 payable on May 2, 2023. The shares will trade ex-dividend starting April 24, 2023. Additionally, the AGM reappointed Mrs. C.L. de Carvalho-Heineken, Mr. M.R. de Carvalho, and Mrs. C.M. Kwist for four-year terms on the Board of Directors and confirmed Deloitte Accountants B.V. as the external auditor for the financial year 2024. Mr. C.A.G. de Carvalho stepped down from the Board.
Heineken Holding N.V. reported a 9.2% increase in revenue for Q1 2023, totaling €7,632 million, compared to €6,989 million in 2022. Net revenue (beia) rose 8.9% organically to €6,378 million, while beer volume saw a 3.0% decline. Notably, Heineken® brand volume grew 2.3%, significantly driven by markets like Brazil and China. The company anticipates operating profit (beia) to grow organically in the mid- to high-single digits. However, a negative currency impact of approximately €640 million on net revenue (beia) is expected for the year. Overall, while challenges exist, particularly in certain regions, Heineken remains focused on brand investments and innovation efforts.
On February 23, 2023, Heineken Holding N.V. (OTCQX: HKHHY) released its 2022 Annual Report, detailing its financial performance and business outlook for the past year. The report is accessible online at Heineken Holding's website. As a leading global brewer, Heineken continues to focus on innovation, brand investment, and sustainability, with operations in over 70 countries. The annual report provides insights into the company's strategic goals and commitment to shaping the future of beer and beyond.
Amsterdam, 16 February 2023 – Heineken Holding N.V. acknowledges FEMSA's announcement regarding its strategic review. FEMSA will divest its entire shareholding in Heineken Holding N.V. and Heineken N.V. and resign its board representation, effective immediately. Heineken respects FEMSA's decision to refocus its priorities and expresses gratitude for their contributions over the last thirteen years. Executive Directors Charlene de Carvalho-Heineken and Michel de Carvalho emphasized the value of José Antonio Fernández Carbajal's guidance during his tenure on the board.
Heineken Holding N.V. reported a strong financial performance for 2022, with net revenue of €34,676 million, representing a 30.4% increase year-over-year. The company achieved organic growth of 21.2% in net revenue (beia) and 6.9% in beer volume, with premium brands driving significant contributions. Operating profit (beia) reached €4,502 million, a 24.0% organic growth. Heineken proposes a total cash dividend of €1.73 per share for 2022, up 40% from 2021. For 2023, Heineken expects mid- to high-single-digit organic growth in operating profit, while facing inflationary pressures and rising input costs. Overall, the company's outlook remains stable despite economic challenges.