Heineken N.V: Reports On 2024 Third-Quarter Trading

KEY QUARTERLY HIGHLIGHTS
  • Revenue €9,072 million for the quarter, €26,895 million year to date
  • Net revenue (beia) organic growth 3.3% for the quarter, 5.1% year to date
  • Beer volume organic growth was 0.7% for the quarter, 1.6% year to date
  • Premium beer volume organic growth of 4.5% for the quarter, 4.9% year to date
  • Heineken® volume growth 8.7% for the quarter, 9.0% year to date
  • 2024 full-year expectations of 4% to 8% operating profit (beia) organic growth confirmed and reiterate
Heineken: Reports On 2024 Third-Quarter Trading
We delivered a solid quarter of balanced growth, organically growing beer volume 0.7% and net revenue (beia) 3.3%. Our business continues to deliver in line with our plan in aggregate, despite some markets navigating challenging consumer and industry trends. Our EverGreen strategy continues to shape our business. Premium volume grew 4.5%, led by Heineken® up 8.7%, with further significant contributions from Kingfisher Ultra in India and Savanna in Southern Africa. Non-alcoholic beer & cider grew 11.0% as we further reinforced global leadership in the segment. As planned, we are materially stepping up our marketing investments in the second half of the year. Our €0.5 billion gross savings target for 2024 is on track. We confirm and reiterate our full-year outlook to grow operating profit (beia) organically in the range of 4% to 8%, reflecting our confidence in delivery and commitment to invest behind growth and to future-proof our business.
Dolf van den Brink, Chairman of the Executive Board / CEO
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Heineken N.V.
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