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Heineken FY25 Profit Surges, Sees Growth In FY26, To Cut Up To 6,000 Jobs; Stock Gains
RTTNews· 2026-02-11 09:55
Core Viewpoint - Heineken N.V. reported a significant increase in profit for fiscal 2025 despite lower revenues, leading to a rise in share prices and an anticipated growth in operating profit for fiscal 2026. Financial Performance - For fiscal 2025, net profit on an IFRS basis surged 92.7% to 1.89 billion euros, with earnings per share increasing by 94.3% to 3.38 euros [4] - On a beia basis, net profit was 2.66 billion euros, reflecting a 4.9% increase, while earnings per share rose by 3.6% to 4.78 euros [5] - IFRS operating profit decreased by 3.2% year-over-year to 3.41 billion euros, whereas beia operating profit grew by 4.4% to 4.39 billion euros [5] - IFRS revenue fell by 4.7% to 34.26 billion euros, and net revenue dropped by 3.6% to 28.75 billion euros [5] Dividend Announcement - The company proposed a total cash dividend of 1.90 euros per share for fiscal 2025, marking a 2.2% increase from the previous year [4] Job Cuts and Productivity Initiatives - Heineken plans to cut up to 6,000 jobs globally over the next two years to enhance productivity amid challenging market conditions [2][3] - The company aims to achieve annual gross savings of 400 million euros to 500 million euros through these workforce reductions and operational optimizations [3] Market Conditions and Future Outlook - Heineken anticipates an unchanged consumer environment and remains cautious in its expectations for 2026 based on current macroeconomic conditions [2] - The company is accelerating the execution of its EverGreen 2030 strategy to adapt to market challenges [2]