Heineken Holding N.V. Navigates a Challenging Third Quarter
Heineken Holding N.V. Reports on Third Quarter Trading
Heineken Holding N.V. (HEIO; HKHHY) has released its trading update for the third quarter, detailing a period marked by both challenges and resilience. As the global market continues to evolve, the company is committed to maintaining a steady course amid fluctuating conditions.
Key Financial Highlights for the Quarter
In the latest report, Heineken reported a revenue of €8,712 million for the quarter, contributing to a total of €25,636 million year to date. This figure reflects the company’s ongoing efforts to adapt to market changes while ensuring stability through its operations.
Revenue Trends
The net revenue, adjusted for comparable factors, shows a slight decline of 0.3% for the quarter while demonstrating a 1.3% increase year to date. This indicates the company's resilience in navigating the current market landscape.
Volume Performance
Despite the overall revenue growth, beer volume has seen a decline, with a 4.3% contraction for the quarter and a 2.3% decrease year to date. The premium beer segment also faced challenges, recording a 2.2% decline for the quarter but showing a modest 0.4% increase year to date.
Looking Ahead: Expectations for 2025
Heineken anticipates its organic operating profit (beia) growth to taper towards the lower end of the expected range of 4% to 8% for 2025. This projection suggests a careful approach to managing costs and investing for future stability.
Engagement with Stakeholders
Heineken remains steadfast in its commitment to open communication with investors and the media. To facilitate transparency, the company has provided multiple contact points and is hosting an analyst and investor conference call to discuss the latest trading update.
Conference Call Details
The forthcoming conference call, featuring Chief Financial Officer Harold van den Broek, will take place at 09:30 CET. It is an opportunity for shareholders, analysts, and investors to engage with the leadership team, ask questions, and gain deeper insights into Heineken’s performance and strategies moving forward.
Contact Information
For media inquiries, Kees Jongsma is available at +31 6 54 79 82 53 or via email at cjongsma@spj.nl. Investors can reach out to Tristan van Strien for concerns about shareholder relations, available at investors@heineken.com.
Frequently Asked Questions
What were Heineken's revenue figures for the third quarter?
Heineken reported a revenue of €8,712 million for the third quarter and €25,636 million year to date.
How did beer volumes perform this quarter?
Overall beer volumes declined by 4.3% for the quarter and 2.3% year to date.
What are the operating profit expectations for 2025?
The company anticipates organic operating profit growth to be on the lower end of the 4% to 8% guidance for the year.
How can investors participate in the upcoming conference call?
Investors can call in using designated local numbers and participate by entering the password 776757.
Who can be contacted for further information regarding Heineken's trading updates?
For trading updates, Kees Jongsma from Heineken’s media relations can be contacted. Investors can reach out directly to the Investor Relations team.
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