Heineken shares up on strong first-half earnings

Investing.com – Shares of Heineken (AS:) Holding NV (AS:) climbed about 1% on Monday after the company reported strong first-half earnings, driven by strong performances in key markets.

The brewing giant reported a 2.2% year-over-year increase in revenue to €17.8 billion for the first half of the year. Net revenue, excluding excise duties, inflation, and exchange rate fluctuations (beia), rose by 6% organically, fueled by growth in major markets like Nigeria, Mexico, Brazil, Vietnam, and India.

The Heineken® brand saw volume growth of 9.2% in the first half. The company attributed this success to a broad-based expansion, with double-digit growth in over 27 markets.

Heineken’s operating profit (beia) rose 12.5% organically to €1.542 billion. This strong performance allowed the company to raise its full-year outlook for operating profit (beia) growth to between 4% and 8%.

Despite facing headwinds such as economic volatility in certain markets and rising costs, Heineken remains confident in its ability to adapt and deliver on its growth strategy. The company is investing heavily in its brands, expanding its geographic footprint, and driving efficiency to ensure long-term sustainable growth.