HEINEKEN HOLDING NV S/ADR - HKHHY STOCK NEWS

Heineken Holding N.V. reported a 9.2% increase in revenue for Q1 2023, totaling €7,632 million, compared to €6,989 million in 2022. Net revenue (beia) rose 8.9% organically to €6,378 million, while beer volume saw a 3.0% decline. Notably, Heineken® brand volume grew 2.3%, significantly driven by markets like Brazil and China. The company anticipates operating profit (beia) to grow organically in the mid- to high-single digits. However, a negative currency impact of approximately €640 million on net revenue (beia) is expected for the year. Overall, while challenges exist, particularly in certain regions, Heineken remains focused on brand investments and innovation efforts.

On February 23, 2023, Heineken Holding N.V. (OTCQX: HKHHY) released its 2022 Annual Report, detailing its financial performance and business outlook for the past year. The report is accessible online at Heineken Holding's website. As a leading global brewer, Heineken continues to focus on innovation, brand investment, and sustainability, with operations in over 70 countries. The annual report provides insights into the company's strategic goals and commitment to shaping the future of beer and beyond.

Amsterdam, 16 February 2023 – Heineken Holding N.V. acknowledges FEMSA's announcement regarding its strategic review. FEMSA will divest its entire shareholding in Heineken Holding N.V. and Heineken N.V. and resign its board representation, effective immediately. Heineken respects FEMSA's decision to refocus its priorities and expresses gratitude for their contributions over the last thirteen years. Executive Directors Charlene de Carvalho-Heineken and Michel de Carvalho emphasized the value of José Antonio Fernández Carbajal's guidance during his tenure on the board.

Heineken Holding N.V. reported a strong financial performance for 2022, with net revenue of €34,676 million, representing a 30.4% increase year-over-year. The company achieved organic growth of 21.2% in net revenue (beia) and 6.9% in beer volume, with premium brands driving significant contributions. Operating profit (beia) reached €4,502 million, a 24.0% organic growth. Heineken proposes a total cash dividend of €1.73 per share for 2022, up 40% from 2021. For 2023, Heineken expects mid- to high-single-digit organic growth in operating profit, while facing inflationary pressures and rising input costs. Overall, the company's outlook remains stable despite economic challenges.

Heineken Holding N.V. reported strong financial results in its Q3 2022 trading update, showing a 27.5% increase in revenue, reaching €9,415 million. The net revenue (beia) grew 19.8% to €7,788 million, aided by a robust recovery in the Asia Pacific region. Beer volume increased 8.9%, with premium beer volume rising 15.0%, signaling significant consumer demand. Full-year expectations remain unchanged. The reported net profit for the first nine months amounted to €2,199 million, down from €3,083 million in 2021 due to a previous exceptional gain.

Heineken Holding N.V. reported a strong performance in the first half of 2022, with a net profit of €633 million, a 22.3% increase year-over-year. Revenue grew by 37.0% to €16,401 million, driven by a 7.6% growth in beer volume. The company saw an impressive 24.3% organic growth in net revenue (beia), with a significant contribution from premium beers. Despite the positive results, Heineken acknowledges a challenging global environment and rising inflation pressures that may impact future performance. The interim dividend of €0.50 per share will be paid on 11 August 2022.

On April 21, 2022, Heineken Holding N.V. held its Annual General Meeting of Shareholders (AGM), successfully adopting all agenda proposals. Notably, a 2021 dividend of EUR 1.24 per share was approved, with a final payment of EUR 0.96 per share set for May 3, 2022. Key appointments included the reappointments of non-executive members Fernández Carbajal, Fentener van Vlissingen, and Brassey, alongside the appointment of Carvalho. Additionally, Deloitte Accountants B.V. was reappointed as the external auditor for 2023. More details are available on the company’s website.

Heineken Holding N.V. reported a strong first quarter of 2022 with revenue growth of 35.9% to €6,989 million, driven by organic growth in net revenue (beia) of 24.9%. Beer volumes increased 5.2% organically, with premium volumes rising 6.3%. Notable growth was seen in Heineken® brand, achieving 12.9% volume increase. The company maintains its outlook for the year. However, risks from inflation and supply chain issues may affect future consumption. Currency translation and consolidation of United Breweries positively impacted revenue.

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.