Core Insights - Heineken N.V. has appointed Romain Apert as the new Chief Digital & Technology Officer, effective May 15, 2026, succeeding Ronald den Elzen who is retiring after 31 years with the company [1][6] Group 1: Leadership Transition - Romain Apert brings over two decades of experience from Mars, where he held global CIO positions and led significant digital transformation initiatives [2] - Ronald den Elzen has been instrumental in establishing digital capabilities at Heineken since March 2020, serving as the first Chief Digital & Technology Officer [5] Group 2: Strategic Focus - Romain Apert will work closely with the Executive Team to advance Heineken's EverGreen 2030 strategy, focusing on the deployment of the company's Digital Backbone and leveraging data and AI for value creation [3] - The transition aims to build on the strong foundations laid by Ronald den Elzen, enhancing Heineken's ambition to be the 'Best Connected Brewer' [5] Group 3: Company Overview - Heineken is a leading global beer company with a diverse portfolio of over 340 brands, employing more than 87,000 people across more than 70 countries [8]

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Core Viewpoint - Heineken NV has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling activities [4]. Business Outlook - The upgrade in Heineken's rating suggests an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [5][10]. - For the fiscal year ending December 2026, Heineken is expected to earn $3.19 per share, with a 5.5% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7][9]. - Heineken's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

After a prolonged period of underperformance, Heineken N.V.'s ( HEINY ) shares are finally gaining momentum (Fig. 1). While the recent rally is encouraging, further upside appears achievable. Here at the Lab, we have been supportive of the company'sBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed ...

Core Viewpoint - Heineken N.V. has successfully placed €1.1 billion of Notes to support general corporate purposes, including debt repayments [2][3]. Group 1: Notes Issuance Details - The Notes are issued under the Company's Euro Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange [3]. - The issuance consists of two tranches: €550 million 8-year Notes with a coupon of 3.375% and €550 million 12-year Notes with a coupon of 3.875% [7]. - The maturity dates for the Notes are set for 26 February 2034 and 26 February 2038 respectively [3]. Group 2: Underwriters - The active book runners for the Notes issuance include BBVA, BNP Paribas, Deutsche Bank, J.P. Morgan, and UBS [3]. Group 3: Company Overview - Heineken is a leading global beer company with a diverse portfolio of over 340 international, regional, local, and specialty beers and ciders [5]. - The company employs over 87,000 people and operates in more than 70 countries, focusing on innovation, brand investment, and sustainability [5].

Group 1 - Heineken N.V. announced a significant layoff plan, intending to cut 5,000 to 6,000 jobs globally, which represents approximately 5.6%-6.7% of its total workforce of about 89,000 employees [2] - The layoffs are part of a structural adjustment aimed at advancing the "EverGreen 2030" strategy, with a core goal of saving €400-500 million annually by 2030 [2] - Heineken has lowered its organic operating profit growth forecast for 2026 from 4%-8% to 2%-6% due to weak performance in 2025 [2] Group 2 - In 2025, Heineken reported a net revenue of €28.753 billion, a decline of 3.6%, and a net profit of €1.885 billion, marking a 92.7% increase due to prior year comparisons [3] - The company's total revenue decreased by 4.7% to €34.257 billion, while global sales volume fell by 1.2% [3] - Heineken is implementing several initiatives, including consolidating 3,000 positions into the HBS department, optimizing the supply chain, advancing brewery digital upgrades, and closing inefficient production capacity [4]

Core Viewpoint - Heineken NV is a significant player in the global brewing industry, maintaining a "Buy" rating from Citigroup with an increased price target of €93 from €88, indicating positive market sentiment [1][5]. Group 1: Stock Performance - The stock price of HEINY was $47.55 at the time of Citigroup's announcement, reflecting a 2.72% increase from its opening price of $43.60 [2][5]. - The stock has fluctuated between $47.15 and $47.63, with $47.63 being its highest point over the past year [2]. - Heineken's market capitalization is approximately $53.18 billion [2]. Group 2: Analyst Ratings - Heineken has received an average "Buy" rating from seven analysts, with two recommending holding, two suggesting buying, and three issuing a strong buy recommendation [3]. - Deutsche Bank reaffirmed its "buy" rating on January 6th, while UBS upgraded it to a "strong-buy" on October 27th [3]. - However, Oddo Bhf downgraded the stock to "neutral" on January 26th, and BNP Paribas Exane lowered its rating from "outperform" to "hold" on January 12th [4].

Core Viewpoint - Heineken N.V. has initiated the second tranche of its €1.5 billion share buyback program, amounting to €750 million, as part of its ongoing strategy to enhance shareholder value [1][3]. Group 1: Share Buyback Program Details - The second tranche of the share buyback program is expected to be completed by 29 January 2027, or earlier if the allocated amount is fully utilized [3]. - All shares repurchased under the program will be cancelled, and the program may be suspended, modified, or discontinued at any time [3]. - Heineken Holding N.V., the majority shareholder, will participate in the buyback program in proportion to its shareholding, with the price per share being the volume-weighted average price on the acquisition day [2]. Group 2: Compliance and Execution - The share buyback program will be executed within the limitations set by the authority granted in the 17 April 2025 Annual General Meeting of Shareholders [4]. - The program will comply with the Market Abuse Regulation 596/2014 and related regulations, ensuring adherence to safe harbor provisions for share buybacks [5]. - Heineken will provide regular updates on the progress of the program through press releases and its investor website [5]. Group 3: Company Overview - Heineken is a leading global beer company with a diverse portfolio of over 340 brands, including premium and non-alcoholic options [7]. - The company operates in more than 70 countries and is committed to sustainability and innovation as part of its business strategy [7].

Core Insights - Heineken N.V. reported an adjusted diluted earnings per share (EPS) of approximately $2.84 for the ADR, aligning with analyst estimates [1] - The company achieved a full-year revenue of €34.4 billion (approximately $40.94 billion USD) with a slight organic growth of 0.2% [2][3] Financial Performance - Net revenue increased by 1.6% to €28.9 billion (approximately $34.39 billion USD) [3] - Operating profit grew by 4.4% to €4.4 billion (approximately $5.24 billion USD), with an operating profit margin improvement of 41 basis points to 15.2% [3] - Net profit rose by 4.9% to €2.7 billion, with diluted EPS increasing by 3.6% to €4.78 (approximately $5.69 USD per ordinary share) [4] Volume and Pricing - Despite a total volume decline of 1.2%, Heineken's own volume grew by 2.7%, and global brands volume increased by 1.9% [4] - The net revenue per hectolitre rose by 3.8%, indicating strong pricing power [4] Market Position and Expenses - Heineken maintained or gained market share in over 60% of its markets, including more than 80% of priority growth markets [5] - Marketing and selling expenses accounted for 9.9% of net revenue [5] Cash Flow and Debt - The company's free operating cash flow stood at €2.6 billion (approximately $3.09 billion USD) [5] - Heineken's net debt to EBITDA ratio is 2.2x, indicating a healthy balance sheet [5] Valuation Metrics - The price-to-earnings (P/E) ratio is approximately 23.07, and the price-to-sales ratio is about 1.44 [6] - The enterprise value to sales ratio is around 1.94, while the enterprise value to operating cash flow ratio is approximately 7.59 [6] - Heineken's earnings yield is about 4.33%, with a current ratio of approximately 0.75 [6]

来源：环球市场播报 荷兰啤酒巨头喜力因去年啤酒销量疲软，计划通过AI实现提效降本，裁员比例至多7%。 这家全球第二大啤酒制造商周三公布业绩表现不佳，2025年全年啤酒总销量下滑2.4%，经调整营业利 润则上涨4.4%。 该公司还表示，计划未来两年削减5000至6000个岗位，今年营业利润增长目标为2%至6%。喜力股价最 新上涨3.4%，今年以来累计涨幅近7%。 即将卸任的首席执行官多尔夫·范登布林克周三接受采访时表示，业绩下滑源于"充满挑战的市场环 境"，但整体表现仍较为均衡。 瑞银分析师周三在报告中称，喜力2026年业绩预期低于往常区间，但"符合买方预期，与竞品嘉士伯保 持一致，且对新任管理层而言较为稳健"。 谈及裁员计划，范登布林克表示："提效一直是我们'常青战略'的首要任务……我们承诺每年实现4亿至 5亿欧元的成本节约，此次裁员是落实该承诺的第一步。" 范登布林克承认，裁员"部分也源于AI，或者说是数字化转型"。 他表示："这是我们'2030常青战略'的重要一环，约3000个岗位将调整至商业服务部门，整体技术数字 化、尤其是AI，将成为持续提效降本的关键支撑。" 喜力总部位于荷兰，拥有8.7万名员工，业 ...