Heineken posts solid first-quarter results

Heineken
FMCGNews

Dutch beer manufacturer Heineken has posted strong results within its first-quarter results, with revenue increasing by 2.2 per cent to around £6.8bn.

Heineken’s net revenue went up by 2.8 per cent to around £5.8 bn, which was driven by a standout performance in global brands including Amstel and Desperados.

The brand experienced premium volume growth of 5.8 per cent, which was led by Heineken with a 6.9 per cent increase in the overall global brands’ volume.

Additionally, the low- and no-alcohol category increased by double digits, which was led by Heineken 0.0 globally and Maltina in Nigeria. There was a reported mixed performance in Europe, with volume growth in the UK.

The overall successful results were boosted by the beverage company FIFCO’s beverage and retail acquisitions according to the business.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


The CEO of Heineken, Dolf Van Den Brink, said: “We delivered a solid first quarter with quality volume growth, driven by our global and premium brands and key growth segments. Leveraging our advantaged footprint, the priority markets led the growth.

“Since the start of the year, global trade has become more complex and volatile, with impacts on energy availability and costs in certain markets. This leads to inflationary pressures, which might affect consumer sentiment in the medium term.

“As we navigate this environment, this quarter demonstrated an acceleration of EverGreen 2030. We are executing with discipline and focusing our resources on our priority markets and segments. Our productivity agenda is making solid progress, and we are on track to deliver on our €500 million target for 2026.”

Moving forward, the Dutch beer brand confirmed its full-year outlook of 2 per cent to 6 per cent organic growth in operating profit.

The results come after Heineken announced a major restructuring plan earlier this year which would see the organisation cut as many as 6,000 jobs.

FMCGNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

FMCGNews

Share:

Heineken posts solid first-quarter results

Heineken

Dutch beer manufacturer Heineken has posted strong results within its first-quarter results, with revenue increasing by 2.2 per cent to around £6.8bn.

Heineken’s net revenue went up by 2.8 per cent to around £5.8 bn, which was driven by a standout performance in global brands including Amstel and Desperados.

The brand experienced premium volume growth of 5.8 per cent, which was led by Heineken with a 6.9 per cent increase in the overall global brands’ volume.

Additionally, the low- and no-alcohol category increased by double digits, which was led by Heineken 0.0 globally and Maltina in Nigeria. There was a reported mixed performance in Europe, with volume growth in the UK.

The overall successful results were boosted by the beverage company FIFCO’s beverage and retail acquisitions according to the business.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


The CEO of Heineken, Dolf Van Den Brink, said: “We delivered a solid first quarter with quality volume growth, driven by our global and premium brands and key growth segments. Leveraging our advantaged footprint, the priority markets led the growth.

“Since the start of the year, global trade has become more complex and volatile, with impacts on energy availability and costs in certain markets. This leads to inflationary pressures, which might affect consumer sentiment in the medium term.

“As we navigate this environment, this quarter demonstrated an acceleration of EverGreen 2030. We are executing with discipline and focusing our resources on our priority markets and segments. Our productivity agenda is making solid progress, and we are on track to deliver on our €500 million target for 2026.”

Moving forward, the Dutch beer brand confirmed its full-year outlook of 2 per cent to 6 per cent organic growth in operating profit.

The results come after Heineken announced a major restructuring plan earlier this year which would see the organisation cut as many as 6,000 jobs.

FMCGNews

Social

SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.

Most Read

FMCGNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Most Read

Latest Feature

Menu

Please enter the verification code sent to your email: