Heineken’s policy of putting up prices last year has come back to bite it with volumes down by 5% in 2023 compared to the year before. The Dutch brewer’s pricing policies helped it keep revenues moving forward at €36.4bn, up from €31bn, but profits felt the impact falling 4.3% to €2.3bn. In a statement, Dolf van den Brink, chairman, said it has had to prioritise pricing to offset unprecedented levels of commodity and energy inflation. As a result, drinkers had switched to cheaper rivals, he said. In the UK ...

Heineken shares fell on Wednesday after the Dutch brewer reported a slump in the volumes of beer it sold, caused by customers balking at higher prices.  The Amsterdam headquartered company, which makes beer brands including Red Stripe and Birra Moretti as well as its namesake lager, saw its volumes drop 4.7% year-on-year, to 242.6 million hectoliters (mhl), following a series of hikes that saw its average prices increase by 10.2% worldwide. “Strong... Master your money. Subscribe to MarketWatch. Get ...

Heineken® launches "Cheers To The Real Hardcore Fans", a campaign that subverts expectations and redefines what it means to be a "real hardcore fan" in an effort to tackle the negative hardcore fan stereotypes to help make football more inclusive.Heineken® teams up with new ambassador, Dutch team captain Virgil van Dijk alongside former Lioness Jill Scott MBE, to celebrate the modern face of football fandom. To announce their ambassador roles Jill and Virgil took part in a challenge to spot the ‘real hardco ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Heineken NV (HEINY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Heineken NV is one of 193 companies in the Consumer Staples group. The Consumer ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|-------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Heineken N.V. 2023 Q3 Results | | | | | | | | | | | | | | | | | | | | Harold van den Broek, CFO | | | | | | | | | | | | | | | | | | | | | 1 2 Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with re ...

Heineken N.V. (OTCQX:HEINY) Q3 2023 Trading Update Call October 25, 2023 8:00 AM ET Company Participants Federico Castillo Martinez - Director of Investor Relations Harold van den Broek - Chief Financial Officer Conference Call Participants Olivier Nicolai - Goldman Sachs Laurence Whyatt - Barclays Edward Mundy - Jefferies Mitchell Collett - Deutsche Bank Andrea Pistacchi - Bank of America Simon Hales - Citi Trevor Stirling - Bernstein Federico Castillo Martinez Good afternoon, everyone. Thank you for joini ...

Heineken NV (OTCQX:HEINY) Q2 2023 Earnings Conference Call July 31, 2023 7:00 AM ET Company Participants Federico Castillo Martinez - Director, IR Dolf van den Brink - Chairman & CEO Harold van den Broek - CFO Conference Call Participants Edward Mundy - Jefferies Trevor Stirling - Bernstein Simon Hales - Citigroup Richard Withagen - Kepler Cheuvreux Laurence Whyatt - Barclays Bank Carlos Laboy - HSBC Sanjeet Aujla - Crédit Suisse Nik Oliver - UBS Robert Ottenstein - Evercore ISI Operator Hello, everyone, an ...

Heineken N.V. 2023 First Quarter Trading Update Harold van den Broek, CFO *HEINEKEN Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regard to the financial position and results of HEINEKEN's activities, anticipated developments and other factors. All statements other than statements of historical facts are, or may be deemed to be, forward-looking statements. Forward-looking statements also include, but are not limited to, statements and inf ...

Financial Data and Key Metrics - Group revenue increased by 8.9% organically to EUR 6.4 billion, driven by a 12.1% increase in price mix on a constant geographic basis, offsetting a 3% organic decline in beer volume [7] - Operating profit beia is expected to grow organically in the mid to high-single digits for the full year, with growth likely to be more concentrated in the second half [25] Business Line Performance - **Heineken Brand**: Volume grew 5.7% excluding Russia, with over 25 markets growing double digits, particularly in Brazil and China [15] - **Heineken Silver**: Grew 47% organically, with strong momentum in Vietnam and China, and launched in the U.S. with rapid distribution build-up [16] - **Heineken 0.0**: Grew 6.9% organically excluding Russia, with strong performance in Brazil, the U.S., UK, Spain, and the Netherlands [16] Regional Performance - **Africa, Middle East, and Eastern Europe**: Net revenue beia grew 3.6% organically, but beer volume declined 8.3%, with significant declines in Nigeria and South Africa partially offset by growth in Ethiopia [8] - **Americas**: Net revenue beia grew 14.8% organically, with beer volume up 3.4%, led by strong performance in Brazil and Mexico [10] - **Asia Pacific**: Net revenue beia declined 5.4% organically, with total volume down 10.5%, driven by declines in Vietnam and Cambodia [11] - **Europe**: Net revenue beia grew 13.5% organically, with total volume down 1.3%, outperforming expectations due to resilient consumer spending [13] Strategic Developments and Industry Competition - The company is on track to close the Distell transaction, which is expected to add EUR 1.6 billion in gross revenue and EUR 160 million in operating profit, with synergies of EUR 75 million to EBITDA [17][21][22] - The company is focused on premiumization, digital route-to-consumer, and sustainability under its EverGreen strategy [6][24] Management Commentary on Operating Environment and Future Outlook - The company remains cautious about the impact of a volatile global economy on consumer demand, particularly in Asia Pacific, but sees resilience in Europe [24][25] - Management reiterated full-year guidance, expecting mid to high-single-digit organic growth in operating profit beia, with growth likely to be more concentrated in the second half [25] Other Important Information - The company has submitted an application for approval regarding the transfer of ownership of its Russian business, with limited details available due to ongoing processes [26] Q&A Session Summary Question: Investment behind brands - The company has materially increased investment behind its brands, focusing on premiumization and growth markets, with timing and focus on markets like Mexico, Brazil, and Vietnam [27][28] Question: Confidence in full-year guidance - The company is confident in its EverGreen strategy and ability to adapt to market conditions, with a focus on controllables and agility [32][33] - Vietnam's market grew 6% in volume according to Nielsen, with the company performing broadly in line, but overstocking in Q4 2022 led to inventory challenges [38][39] Question: Distell integration and pricing strategy - The priority for Distell integration is to focus on people, governance, and winning the season, with growth and synergies to be discussed in the coming months [44][45][46] - Pricing strategy will be market-by-market, with the company comfortable with Q1 pricing and taking a step-by-step approach to further pricing later in the year [49][50] Question: U.S. and Europe performance - Heineken Silver's U.S. launch is in early stages, with positive distributor feedback and strong consumer taste profiles [55] - Europe's performance is balanced between on-trade and off-trade, with on-trade still below 2019 levels but showing resilience [57] Question: Vietnam and Nigeria - Vietnam's destocking is ongoing, with industry-wide overstocking due to misread signals in Q4 2022 [61][62] - Nigeria's volume decline is expected to improve, with a focus on premiumization and market share retention [64][65] Question: Brazil and commodities - Brazil continues to perform strongly, with Heineken and Amstel driving growth, though the company cautions against expecting perpetual high growth [77][78] - Commodity prices are trending down, but it is too early to provide guidance for 2024 [80]

Heineken N.V. 2022 Full Year Results Dolf van den Brink, CEO Harold van den Broek, CFO THEINEKEN Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regard to the financial position and results of HEINEKEN's activities, anticipated developments and other factors. All statements other than statements of historical facts are, or may be deemed to be, forward-looking statements. Forward-looking statements also include, but are not limited to, state ...