Heineken Delivers Excellent 2024 -- Market Talk

Dow Jones02-12

0710 GMT - Heineken reported an excellent set of results, along with an already-anticipated share buyback and outlook in line with market expectations, RBC Capital Markets analysts James Edwardes Jones and Wassachon Udomsilpa say in a note. The Dutch brewer delivered a solid revenue beat, despite some weakness in Europe, and operating profit growth also ahead of expectations, they say. Looking ahead, the company anticipates continued volume and revenue growth 2025, with organic operating profit growth in the range of 4%-8% against a market consensus of 5.8%, the analysts add. This goes along with further increase in marketing and selling investments, which are to grow ahead of revenue as hoped, they say. "We can find little to fault with these results," the analysts add. (michael.susin@wsj.com)

 

(END) Dow Jones Newswires

February 12, 2025 02:10 ET (07:10 GMT)

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