Financial Data and Key Metrics Changes - Group net revenue (beia) was £6.8 billion, an increase of 9.4% organically, with net revenue (beia) per hectoliter increasing by 4.9% driven mainly by pricing in line with inflation [4][5] - Total consolidated volume on an organic basis was up 4.3%, with underlying price mix on a constant geographic basis up 6% [5][6] - The translation of foreign currencies had a negative effect of £294 million or 4.6%, mainly due to the devaluation of currencies in Africa [6] Business Line Data and Key Metrics Changes - Beer volume was up by 4.7% organically, driven by the premium beer portfolio, which grew by 7.3% [4] - The Heineken brand grew volume by 12.9%, with double-digit growth in over 30 markets, particularly strong in China and Brazil [19] - The non-beer portfolio in South Africa grew revenue by close to 10%, driven by strong performance from brands like Savanna and Bernini [12] Market Data and Key Metrics Changes - In Africa, Middle East, net revenue (beia) grew 32.9% organically, with total consolidated volume up 5.6% [10] - In the Americas, net revenue (beia) grew 6.5% organically, with total consolidated beer volume up 5% [13] - In Asia Pacific, net revenue (beia) increased by 11.3% organically, with consolidated beer volume up 9.4% [16] Company Strategy and Development Direction - The EverGreen strategy aims to create long-term sustainable growth and value creation, focusing on premiumization and non-alcoholic products [20] - The company remains cautious in its outlook due to ongoing economic challenges and uncertainties, while continuing to invest in future growth [20][21] - The company plans to balance operating profit delivery across both halves of the year, with expectations for organic growth in operating profit (beia) to be in the low to high single digits [21] Management's Comments on Operating Environment and Future Outlook - Management noted that while the first quarter showed encouraging trends, the overall market remains volatile and challenging, particularly in regions like Nigeria and Vietnam [3][20] - The company is focused on restoring balanced growth and managing pricing and mix effectively in response to competitive pressures [29] - Consumer confidence in Europe is slowly improving, but remains subdued, with expectations for gradual recovery as wage increases take effect [36] Other Important Information - The integration of Distell and Namibian Breweries contributed £164 million to net revenue (beia), while the exit from Russia and the sale of Vrumona partially offset this [7] - The company is experiencing a mixed performance in Europe, with off-trade growth but on-trade volume down by low single digits [18] Q&A Session Summary Question: Insights on Vietnam's beer market and sequential improvement - Management acknowledged that while there was a sequential improvement in Vietnam, the market remains in decline, and caution is warranted regarding future stability [23][26] Question: Full year guidance and consensus estimates - Management explained that the full year guidance remains unchanged due to one-off factors in Q1 and potential surprise events that could impact performance [32][34] Question: Update on Nigeria's FX situation and input cost guidance - Management indicated that while there has been FX appreciation, the input cost guidance remains under review, balancing pricing and volume strategies [39][43] Question: Performance in South Africa and Distell integration - Management reported positive initial uptake of the returnable Heineken bottle in South Africa and ongoing efforts to leverage the Distell portfolio for growth [46] Question: Brazil's market dynamics and pricing strategy - Management noted that while the market in Brazil is flat to slightly negative, Heineken's performance remains strong, with a focus on maintaining premium positioning despite competitive pressures [51][53] Question: Consumer confidence and channel mix in Europe - Management confirmed that consumer confidence is primarily affected in the Netherlands and Spain, with no significant issues reported in other major markets [65]

From the rise of social networking to a more fractured media landscape to the integration of artificial intelligence (AI) into daily life, the world looks very different now than it did in the ’00s, and brands are seizing on the opportunity to harken back to a simpler (and more low-rise-jeans-filled) time.Most of us don’t turn to beer brands to provide us with our cellphones, but Heineken announced Wednesday (April 17) a collaboration with streetwear marketplace Bodega to launch The Boring Phone, a non-inte ...

Heineken® and US brand and retail marketplace Bodega have launched ‘The Boring Phone', to help people discover there is more to their social life when there is less on their phoneIn a world where smartphones are becoming too interesting, ‘The Boring Phone' takes things back to basics with no access to the internet, social media or other appsThe device will be shown for the first time on Thursday 18th April at a pop-up Bodega at Milan Design Week; the world's leading festival for design and innovationFollowi ...

Heineken® has cheekily taken its commitment to perfectly balanced taste to the next level – literally – by creating a specially designed ‘Beer Level', ensuring their beers are served with the famous Heineken star sat exactly horizontal to the beer surface in every glass.It comes as part of a wider global campaign that shows its consistent refreshment, thanks to the beer's perfectly balanced taste and premium quality.The campaign sees Heineken® Master Brewer Willem van Waesberghe exclusively reveal how to sp ...

AMSTERDAM, April 08, 2024 (GLOBE NEWSWIRE) -- The Irish pub stands tall among cultural icons, revered locally and globally for their unparalleled social atmospheres. Recognised as the beating heart of Ireland's social scene, where stories and conversations resound within their walls. Heineken wants to shine a light on their importance by opening virtual "Pub Museums" across Ireland.  This innovative campaign from Heineken® aims to safeguard historical Irish pubs, advocating for their transformation into mu ...

HEINEKEN Dolf van den Brink, CEO Harold van den Broek, CFO This presentation contains forward-looking statements based on current expectations and assumptions with regards 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 information in HEINEKEN's sustainabili ...

Company Participants Simon Hales - Citi Celine Pannuti - JPMorgan Harold van den Broek - Chief Financial Officer Olivier Nicolai - Goldman Sachs Good afternoon, everyone. Thank you for joining us for today's live webcast of our 2023 full year results. Your host will be Dolf van den Brink, our CEO; and Harold van den Broek, our CFO. Following the presentation, we will be happy to take your questions. The presentation includes forward-looking statements and expectations based on management's current views and ...

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 ...