HEINEKEN N V S/ADR - HEINY STOCK NEWS

On November 30, 2022, Heineken announced its upcoming Capital Markets Event scheduled for December 1-2, where the Executive Team will discuss the EverGreen strategy aimed at redefining the future of beer. The company reaffirms its operating profit margins for 2022 and projected growth for 2023 despite economic challenges. For 2023, Heineken expects mid- to high-single-digit organic growth and stable to modestly growing volumes in developing markets. The strategy focuses on building brands and investments while managing rising input and energy costs.

Heineken N.V. reported robust Q3 2022 results, showing a 27.5% revenue growth, reaching €9,415 million. Organic net revenue growth (beia) was 19.8% with net revenue per hectolitre up 11.1%. Beer volume grew 8.9%, driven by a strong recovery in Asia Pacific post-COVID. The company maintains its 2022 full-year expectations and is on track to achieve €1.7 billion in gross savings from its productivity program. However, CEO Dolf van den Brink cites concerns about macroeconomic conditions and signs of weakening consumer demand.

Heineken N.V. reported a 37.0% increase in revenue for the first half of 2022, reaching €16,401 million. Organic growth in net revenue was 24.3%, driven by strong beer volume growth of 7.6% and a 13.8% increase in Heineken® brand volume. Operating profit rose 20.6% to €2,070 million, while net profit increased 22.3% to €1,265 million. Despite inflationary pressures, Heineken maintains its full-year expectations and adjusts guidance for 2023 to focus on organic growth. The company continues to implement its EverGreen transformation for sustainable growth.

Heineken N.V. (HEINY) held its Annual General Meeting of Shareholders on April 21, 2022, where all proposals were adopted. A final dividend of EUR 0.96 per share for 2021 was approved, payable on May 3, 2022, following an interim dividend of EUR 0.28. Adjustments to the Executive Board's remuneration policy were made to include ESG performance measures, supporting HEINEKEN’s sustainability goals. The meeting also saw the reappointment of several supervisory board members and the external auditor for 2023, Deloitte Accountants B.V.

Heineken N.V. reported a robust trading update for Q1 2022, with revenue growth of 35.9% to €6,989 million, compared to €5,145 million in Q1 2021. Net revenue (beia) experienced a 24.9% organic growth, reaching €5,753 million. Beer volume rose by 5.2% organically, with premium volume up 6.3%. The company remains optimistic despite anticipated inflationary pressures and plans to manage costs through pricing strategies. The full-year outlook for 2022 remains unchanged amidst macroeconomic uncertainties.

On March 28, 2022, HEINEKEN announced its decision to exit the Russian market, deeming its operations unsustainable amid ongoing geopolitical tensions. The company halted all investments and production of the Heineken® brand in Russia. An orderly transfer of ownership to a new entity is planned, ensuring compliance with local laws. HEINEKEN guarantees the payment of salaries for its 1,800 employees until the end of 2022 amid the transition, although it anticipates a total impairment and exceptional charges of around €0.4 billion from this move.

Heineken® has launched its first virtual beer, Heineken® Silver, in the digital platform Decentraland. This innovative offering replaces traditional brewing ingredients with computer-generated alternatives, showcasing Heineken's expertise in a digital format. The launch event featured interactive experiences, including pixelated food and celebrity appearances. Global Head of Brand, Bram Westenbrink, emphasized the ironic nature of the product, highlighting that while it brings a unique concept to the metaverse, it cannot be tasted physically. Heineken's commitment to innovation continues with this venture into the virtual realm.

Heineken N.V. reported a strong financial performance for 2021 with key highlights including a 12.2% organic growth in net revenue (beia) and a remarkable 43.8% growth in operating profit (beia), reaching a 15.6% margin.

Net profit (beia) surged 80.2% to €2,041 million, while diluted EPS (beia) increased to €3.54. The company achieved gross savings of nearly €1.3 billion, aiming for €2 billion by 2023. Despite facing inflation and supply chain pressures, CEO Dolf van den Brink expressed confidence in long-term growth, driven by their EverGreen strategy and sustainability initiatives.