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Heineken N.V. reports 2024 full year results

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Heineken N.V. (HEINY) reported strong 2024 full-year results with broad-based growth across all regions. The company achieved organic beer volume growth of 1.6% and net revenue growth of 5.0%. Operating profit (beia) increased by 8.3% organically, with margins expanding 40 bps to 15.1%.

Notable performance highlights include Heineken® brand volume growth of 8.8%, premium volume growth of 5%, and mainstream beer volume increase of 2%. The beyond beer segment grew 4%, while Heineken® 0.0 saw 10% growth. The company achieved gross savings exceeding €0.6 billion and increased marketing investment by €0.3 billion.

HEINEKEN announced a two-year €1.5 billion share buyback programme and provided a 2025 outlook projecting operating profit (beia) organic growth between 4% to 8%. Free Operating Cash Flow reached €3,058 million, with net profit at €978 million.

Heineken N.V. (HEINY) ha riportato risultati solidi per l'intero anno 2024, con una crescita diffusa in tutte le regioni. L'azienda ha raggiunto una crescita del volume di birra organica dell'1,6% e una crescita del fatturato netto del 5,0%. L'utile operativo (beia) è aumentato dell'8,3% in modo organico, con margini in espansione di 40 punti base al 15,1%.

I principali punti salienti delle performance includono una crescita del volume del marchio Heineken® dell'8,8%, una crescita del volume premium del 5% e un aumento del volume della birra mainstream del 2%. Il segmento oltre la birra è cresciuto del 4%, mentre Heineken® 0.0 ha visto una crescita del 10%. L'azienda ha ottenuto risparmi lordi superiori a €0,6 miliardi e ha aumentato gli investimenti pubblicitari di €0,3 miliardi.

HEINEKEN ha annunciato un programma di riacquisto di azioni da €1,5 miliardi della durata di due anni e ha fornito una previsione per il 2025 che prevede una crescita organica dell'utile operativo (beia) compresa tra il 4% e l'8%. Il flusso di cassa operativo libero ha raggiunto €3.058 milioni, con un utile netto di €978 milioni.

Heineken N.V. (HEINY) informó resultados sólidos para el año completo 2024, con un crecimiento generalizado en todas las regiones. La compañía logró un crecimiento del volumen de cerveza orgánica del 1,6% y un crecimiento de los ingresos netos del 5,0%. El beneficio operativo (beia) aumentó un 8,3% de forma orgánica, con márgenes en expansión de 40 puntos básicos al 15,1%.

Los aspectos destacados del rendimiento incluyen un crecimiento del volumen de la marca Heineken® del 8,8%, un crecimiento del volumen premium del 5% y un aumento del volumen de cerveza convencional del 2%. El segmento más allá de la cerveza creció un 4%, mientras que Heineken® 0.0 vio un crecimiento del 10%. La compañía logró ahorros brutos que superan los €0,6 mil millones y aumentó la inversión en marketing en €0,3 mil millones.

HEINEKEN anunció un programa de recompra de acciones de €1,5 mil millones por dos años y proporcionó una perspectiva para 2025 proyectando un crecimiento orgánico del beneficio operativo (beia) entre el 4% y el 8%. El flujo de caja operativo libre alcanzó los €3,058 millones, con un beneficio neto de €978 millones.

하이네켄 N.V. (HEINY)는 2024년 전체 연도 실적을 발표하며 모든 지역에서 폭넓은 성장을 기록했습니다. 이 회사는 1.6%의 유기적 맥주 판매량 성장5.0%의 순수익 성장을 달성했습니다. 운영 이익(beia)은 유기적으로 8.3% 증가했으며, 마진은 15.1%로 40bp 확대되었습니다.

주요 성과 하이라이트로는 하이네켄® 브랜드 판매량 성장 8.8%, 프리미엄 판매량 성장 5%, 대중 맥주 판매량 증가 2%가 포함됩니다. 비맥주 부문은 4% 성장했으며, 하이네켄® 0.0은 10% 성장했습니다. 이 회사는 €0.6억 이상의 총 절감액을 달성하고 마케팅 투자도 €0.3억 증가시켰습니다.

하이네켄은 15억 유로의 2년간 자사주 매입 프로그램을 발표하고, 2025년 전망을 제공하며 운영 이익(beia)의 유기적 성장을 4%에서 8% 사이로 예상했습니다. 자유 운영 현금 흐름은 €30억 5800만에 달하며, 순이익은 €9억 7800만입니다.

Heineken N.V. (HEINY) a rapporté des résultats solides pour l'année 2024, avec une croissance généralisée dans toutes les régions. L'entreprise a réalisé une croissance organique du volume de bière de 1,6% et une croissance des revenus nets de 5,0%. Le bénéfice d'exploitation (beia) a augmenté de 8,3% de manière organique, avec des marges en expansion de 40 points de base à 15,1%.

Les points forts de la performance incluent une croissance du volume de la marque Heineken® de 8,8%, une croissance du volume premium de 5% et une augmentation du volume de bière grand public de 2%. Le segment au-delà de la bière a connu une croissance de 4%, tandis que Heineken® 0.0 a enregistré une croissance de 10%. L'entreprise a réalisé des économies brutes dépassant 0,6 milliard d'euros et a augmenté son investissement marketing de 0,3 milliard d'euros.

HEINEKEN a annoncé un programme de rachat d'actions de 1,5 milliard d'euros sur deux ans et a fourni des prévisions pour 2025, projetant une croissance organique du bénéfice d'exploitation (beia) entre 4% et 8%. Le flux de trésorerie d'exploitation libre a atteint 3 058 millions d'euros, avec un bénéfice net de 978 millions d'euros.

Heineken N.V. (HEINY) berichtete über starke Ergebnisse für das Gesamtjahr 2024 mit breit angelegtem Wachstum in allen Regionen. Das Unternehmen erzielte ein organisches Wachstum des Biervolumens von 1,6% und ein Umsatzwachstum von 5,0%. Der Betriebsgewinn (beia) stieg organisch um 8,3%, während sich die Margen um 40 Basispunkte auf 15,1% erweiterten.

Bemerkenswerte Leistungsmerkmale sind ein Wachstum des Heineken®-Markenvolumens von 8,8%, ein Wachstum des Premiumvolumens von 5% und ein Anstieg des Mainstream-Biervolumens von 2%. Das Segment über Bier wuchs um 4%, während Heineken® 0.0 ein Wachstum von 10% verzeichnete. Das Unternehmen erzielte Bruttosparungen von über 0,6 Milliarden Euro und erhöhte die Marketinginvestitionen um 0,3 Milliarden Euro.

HEINEKEN kündigte ein zwei Jahre laufendes Aktienrückkaufprogramm über 1,5 Milliarden Euro an und gab eine Prognose für 2025 ab, die ein organisches Wachstum des Betriebsgewinns (beia) von 4% bis 8% voraussagt. Der freie operative Cashflow erreichte 3.058 Millionen Euro, mit einem Nettogewinn von 978 Millionen Euro.

Positive
  • Organic beer volume growth of 1.6% across all regions
  • Operating profit (beia) increased 8.3% organically
  • Operating margin expansion of 40 basis points to 15.1%
  • Heineken® brand volume growth of 8.8%
  • Announcement of €1.5 billion share buyback programme
  • Strong Free Operating Cash Flow of €3,058 million
  • Gross savings exceeded €0.6 billion
Negative
  • None.

Heineken N.V. reports 2024 full year results

Amsterdam, 12 February 2025 – Heineken N.V. (HEINEKEN) [(EURONEXT: HEIA; OTCQX: HEINY)] announces:

Solid results with broad-based growth and profit expansion in 2024

 Key Highlights
  • Revenue €35,955 million
  • Net revenue (beia) 5.0% organic growth, per hectolitre 3.5%
  • Beer volume 1.6% organic growth; Heineken® volume up 8.8%
  • Operating profit €3,517 million; operating profit (beia) 8.3% organic growth
  • Operating profit (beia) margin 15.1%, up 40 bps
  • Net profit €978 million; net profit (beia) 7.3% organic growth
  • Diluted EPS (beia) €4.89
  • Free Operating Cash Flow €3,058 million
  • HEINEKEN to launch two-year €1.5 billion share buyback programme
  • Full year 2025 outlook: 4% to 8% operating profit (beia) organic growth

 CEO Statement

Dolf van den Brink, Chairman of the Executive Board / CEO, commented:

"We delivered solid results with broad-based growth and profit expansion in 2024. Beer volume grew organically by 1.6%, and net revenue (beia) was up 5.0% with strong operating profit (beia) growth of 8.3%. Notably, our beer volume expanded in all four regions, across both developed and emerging markets.

Our EverGreen strategy continued to shape operations. Premium volume grew 5%, led globally by Heineken®, which was up 9%. Mainstream beer volume rose 2%, spearheaded by the leading brands in our largest markets, including Amstel in Brazil, Cruzcampo in the UK, and Kingfisher in India. The beyond beer segment grew 4%, led by Desperados globally and Savanna cider in Southern Africa. Heineken® 0.0 grew 10%, reinforcing our global leadership in non-alcoholic beer.

Gross savings exceeded €0.6 billion, supporting a 40 bps operating margin (beia) expansion. Marketing and selling investment increased by €0.3 billion, a double-digit organic increase, and we stepped up funding behind our digital and technology initiatives. Capital productivity focus helped deliver a strong free operating cash flow, exceeding €3 billion.

Looking ahead, we are well-positioned to further increase our investment in marketing and selling and behind our EverGreen priorities in 2025. We expect to grow operating profit (beia) organically in the range of 4% to 8%."

 Enquiries


Media Investors
Christiaan Prins Tristan van Strien
Director of Global Communication Global Director of Investor Relations
Marlie Paauw Lennart Scholtus / Chris Steyn
Corporate Communications Lead Investor Relations Manager / Senior Analyst
E-mail: pressoffice@heineken.com E-mail: investors@heineken.com
Tel: +31-20-5239355 Tel: +31-20-5239590


 Conference Call Details

HEINEKEN will host an analyst and investor video webcast about its 2024 FY results today, 12 February, at 14:00 CET/ 13:00 GMT/ 08.00 EST. The live video webcast will be accessible via the company’s website: https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations.

An audio replay service will also be made available after the webcast at the above web address. Analysts and investors can dial-in using the following telephone numbers:

United Kingdom (local): +44 20 3936 2999
Netherlands (local): +31 85 888 7233
United States: +1 646 787 9445
All other locations: +44 20 3936 2999
For the full list of dial in numbers, please refer to the following link: Global Dial-In Numbers
Participation password for all countries: 962302
 

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FAQ

What is Heineken's (HEINY) projected operating profit growth for 2025?

Heineken projects organic operating profit (beia) growth between 4% to 8% for 2025.

How much is Heineken's (HEINY) share buyback program worth and how long will it last?

Heineken announced a two-year share buyback programme worth €1.5 billion.

What was Heineken's (HEINY) organic revenue growth in 2024?

Heineken achieved 5.0% organic growth in net revenue (beia) in 2024.

How much did Heineken's (HEINY) premium beer segment grow in 2024?

Heineken's premium volume grew by 5% in 2024, led globally by the Heineken® brand.

What was Heineken's (HEINY) Free Operating Cash Flow in 2024?

Heineken's Free Operating Cash Flow reached €3,058 million in 2024.

How much did Heineken (HEINY) increase its marketing investment in 2024?

Heineken increased its marketing and selling investment by €0.3 billion, representing a double-digit organic increase.

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