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Heineken N.V. reports on 2025 first quarter trading

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Heineken N.V. (HEINY) reported its Q1 2025 trading update, showing mixed results with revenue declining 4.9% to €7,784 million, while net revenue grew organically by 0.9%. The company experienced a 2.1% organic decrease in beer volume, though premium beer volume grew by 1.8% and Heineken® brand volume increased by 4.6%.

Strong performance was noted in Vietnam, India, and Ethiopia, with positive brand portfolio development in Brazil and China. The company remains on track to achieve its €0.4 billion gross savings target for 2025 and maintains its full-year outlook, expecting organic operating profit (beia) growth of 4% to 8%.

Heineken N.V. (HEINY) ha comunicato l'aggiornamento commerciale del primo trimestre 2025, mostrando risultati contrastanti con un fatturato in calo del 4,9% a 7.784 milioni di euro, mentre il ricavo netto è cresciuto organicamente dello 0,9%. L'azienda ha registrato una diminuzione organica del 2,1% nel volume di birra, sebbene il volume di birra premium sia aumentato dell'1,8% e il volume del marchio Heineken® sia cresciuto del 4,6%.

Si sono distinti per performance solide Vietnam, India ed Etiopia, con uno sviluppo positivo del portafoglio marchi in Brasile e Cina. L'azienda resta sulla buona strada per raggiungere l'obiettivo di risparmi lordi di 0,4 miliardi di euro per il 2025 e mantiene le previsioni per l'intero anno, prevedendo una crescita organica del profitto operativo (beia) tra il 4% e l'8%.

Heineken N.V. (HEINY) presentó su actualización comercial del primer trimestre de 2025, mostrando resultados mixtos con una disminución de ingresos del 4,9% hasta €7.784 millones, mientras que los ingresos netos crecieron orgánicamente un 0,9%. La compañía experimentó una caída orgánica del 2,1% en el volumen de cerveza, aunque el volumen de cerveza premium creció un 1,8% y el volumen de la marca Heineken® aumentó un 4,6%.

Se destacó un sólido desempeño en Vietnam, India y Etiopía, con un desarrollo positivo del portafolio de marcas en Brasil y China. La empresa sigue en camino de alcanzar su objetivo de ahorros brutos de €0,4 mil millones para 2025 y mantiene su perspectiva para todo el año, esperando un crecimiento orgánico del beneficio operativo (beia) de entre el 4% y el 8%.

Heineken N.V. (HEINY)는 2025년 1분기 실적 업데이트를 발표하며 매출이 4.9% 감소한 77억 8,400만 유로를 기록했으나 순매출은 유기적으로 0.9% 증가한 혼재된 결과를 보였습니다. 맥주 판매량은 유기적으로 2.1% 감소했지만 프리미엄 맥주 판매량은 1.8% 증가했고 Heineken® 브랜드 판매량은 4.6% 늘었습니다.

베트남, 인도, 에티오피아에서 강한 실적이 나타났으며 브라질과 중국에서는 브랜드 포트폴리오가 긍정적으로 성장했습니다. 회사는 2025년까지 4억 유로의 총 비용 절감 목표를 달성할 계획이며, 연간 전망도 유지하며 유기적 영업이익(beia) 성장을 4%에서 8% 사이로 기대하고 있습니다.

Heineken N.V. (HEINY) a publié sa mise à jour commerciale du premier trimestre 2025, affichant des résultats mitigés avec un chiffre d'affaires en baisse de 4,9 % à 7,784 milliards d'euros, tandis que le chiffre d'affaires net a progressé de 0,9 % en organique. L'entreprise a connu une baisse organique de 2,1 % du volume de bière, bien que le volume de bière premium ait augmenté de 1,8 % et le volume de la marque Heineken® ait progressé de 4,6 %.

De solides performances ont été observées au Vietnam, en Inde et en Éthiopie, avec un développement positif du portefeuille de marques au Brésil et en Chine. L'entreprise reste en bonne voie pour atteindre son objectif d'économies brutes de 0,4 milliard d'euros pour 2025 et maintient ses prévisions annuelles, s'attendant à une croissance organique du résultat opérationnel (beia) comprise entre 4 % et 8 %.

Heineken N.V. (HEINY) veröffentlichte sein Handelsupdate für das erste Quartal 2025 und zeigte gemischte Ergebnisse mit einem Umsatzrückgang von 4,9 % auf 7.784 Millionen Euro, während der Nettoumsatz organisch um 0,9 % wuchs. Das Unternehmen verzeichnete einen organischen Rückgang des Bierabsatzes um 2,1 %, wobei das Volumen von Premium-Bier um 1,8 % und das Volumen der Heineken®-Marke um 4,6 % zunahm.

Starke Leistungen wurden in Vietnam, Indien und Äthiopien verzeichnet, mit einer positiven Entwicklung des Markenportfolios in Brasilien und China. Das Unternehmen bleibt auf Kurs, sein Ziel von 0,4 Milliarden Euro Bruttokosteneinsparungen für 2025 zu erreichen und hält seine Jahresprognose, mit einem organischen Wachstum des operativen Gewinns (beia) von 4 % bis 8 %.

Positive
  • Premium beer volume grew 1.8% organically
  • Heineken® brand volume increased 4.6%
  • Net revenue per hectolitre up 3.3%
  • On track for €0.4 billion gross savings target
  • Strong growth in Vietnam, India, and Ethiopia markets
Negative
  • Overall revenue declined 4.9% to €7,784 million
  • Beer volume decreased 2.1% organically
  • Volatile consumer and geopolitical trends affecting performance

Heineken N.V. reports on 2025 first quarter trading

Amsterdam, 16 April 2025 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announces

First quarter performance as anticipated, full year outlook unchanged

Key Highlights
  • Revenue €7,784 million, decreasing 4.9%
  • Net revenue (beia) organic growth up 0.9%; per hectolitre increasing 3.3%
  • Beer volume organic decrease of 2.1%
  • Premium beer volume organic growth of 1.8%; Heineken® volume growth of 4.6%
  • Outlook for the full year unchanged; operating profit (beia) expected to grow organically 4% to 8%
CEO Statement

Dolf van den Brink, Chairman of the Executive Board / CEO, commented:
"In the first quarter, we delivered a 0.9% organic increase in net revenue. As anticipated, primarily due to calendar-related factors, organic beer volume declined by 2.1%. Despite volatile consumer and geopolitical trends, we are performing within the range of expectations.

Our EverGreen strategy continues to shape the business. We maintained the delivery of high quality growth, with premium beer volume growing by 1.8% and Heineken® volume up by 4.6%, outpacing overall volume growth. Vietnam, India, and Ethiopia delivered promising volume growth, benefitting from the strategic actions taken. The strength of our brand portfolio keeps improving, as shown across markets like Brazil and China. We are increasing our marketing and selling investments to further unlock the biggest opportunities. Furthermore, we are firmly on track to achieve our €0.4 billion gross savings target for 2025.

As the year progresses, we will be navigating a macroeconomic environment increasingly in flux, requiring us to stay agile and proactively adapt to changing circumstances. Considering the current conditions, we confirm our full year outlook to organically grow operating profit (beia) by 4% to 8%. This reflects our adaptability, whilst standing by our commitment to invest in growth and future-proofing our business."

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: +31-612200009 Tel: +31-20-5239590


Conference Call Details

HEINEKEN will host an analyst and investor conference call with Harold van den Broek, Chief Financial Officer, in relation to its First Quarter 2025 Trading Update on 16 April at 14:00 CET/13:00 GMT. The call will be audio cast live via the company’s website: www.theheinekencompany.com. An audio replay service will also be made available after the conference call at the above web address. Analysts and investors can dial-in using the following telephone numbers:

United Kingdom: +44 203 936 2999

Netherlands: +31 85 888 7233

United States: +1 646 664 1960

All other locations: +44 203 936 2999

For the full list of dial in numbers, please refer to the following link: Global Dial-In Numbers

Participation password for all countries: 522422

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FAQ

What is Heineken's (HEINY) revenue performance in Q1 2025?

Heineken reported revenue of €7,784 million, down 4.9%, with net revenue growing organically by 0.9% and per hectolitre increasing 3.3%.

How did Heineken's (HEINY) premium beer segment perform in Q1 2025?

Premium beer volume showed organic growth of 1.8%, with the Heineken® brand specifically growing by 4.6%.

Which markets showed strong performance for Heineken (HEINY) in Q1 2025?

Vietnam, India, and Ethiopia delivered promising volume growth, with positive brand portfolio development in Brazil and China.

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

Heineken maintains its full-year outlook, expecting organic operating profit (beia) to grow between 4% and 8%.

What is Heineken's (HEINY) cost savings target for 2025?

Heineken is on track to achieve its €0.4 billion gross savings target for 2025.
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