Heineken Likely to Have a Robust Start to the Year -- Market Talk

Dow Jones04-03

0755 GMT - Heineken is expected to report a strong 1Q performance, with the brewer at the start of a turnaround program to boost growth and margins, Jefferies analysts Edward Mundy and Andrei Andon-Ionita say in a note. For 1Q, the group is estimated to report organic volumes and sales growth of 2.5% and 6.5%, respectively, and the robust profit momentum in Europe and Americas in 2H 2023 should naturally roll into 1H 2024, they highlight. Africa is forecast to remain volatile, but the company has a good track record of protecting profitability, and volume recovery in Asia should boost operating leverage, they add. Heineken will report 1Q results on April 24. Shares are down 0.1%, and have fallen 9.9% on a 12-month basis. (michael.susin@wsj.com)

(END) Dow Jones Newswires

April 03, 2024 03:55 ET (07:55 GMT)

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Africa is forecast to remain volatile, but the company has a good track record of protecting profitability, and volume recovery in Asia should boost operating leverage, they add. Heineken will report 1Q results on April 24. Shares are down 0.1%, and have fallen 9.9% on a 12-month basis. 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