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AMSTERDAM, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Amsterdam Dance Event have teamed up with Heineken to encourage people to minimise phone use on the dance floor at this year's global music event.
HOUSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Aggreko , a global leader in energy solutions, announces the company's return as the Official Temporary Power Partner of the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2024 as part of the multi-year agreement. Following its successful support of the inaugural race in 2023, Aggreko will again power the nighttime race on November 21-23, set in the heart of the Las Vegas Strip.
LUXEMBOURG--(BUSINESS WIRE)-- #EUlaw--Opinion from ECJ's Advocate-General should enable Amsterdam Court to hold Heineken accountable for actions of its Greek subsidiary.
AMSTERDAM--(BUSINESS WIRE)-- #EUlaw--Legal showdown over anticompetitive practices in Greece piles further pressure on Heineken's CEO Dolf van den Brink.
Shares of Dutch brewer Heineken have been fairly flat since my last piece, with the market underwhelmed by first half results. The company missed consensus on most key lines, while fresh full-year guidance was also somewhat lackluster relative to analyst expectations. Heineken still has an attractive beverage portfolio, and its geographic exposure skews to developing markets. This should support reasonable long-term revenue growth.
Heineken N.V. (OTCQX:HEINY) Q2 2024 Earnings Conference Call July 29, 2024 8:00 AM ET Company Participants Raoul-Tristan Van Strien - Director, IR Dolf van den Brink - CEO Harold Broek - CFO Conference Call Participants Edward Mundy - Jefferies Olivier Nicolai - Goldman Sachs Sanjeet Aujla - UBS Mitch Collett - Deutsche Bank Andrea Pistacchi - Bank of America Merrill Lynch Trevor Stirling – Bernstein Raoul-Tristan Van Strien Good afternoon, everyone.
Heineken's stock price is down by over 7% after releasing 2024 half-year results. The company released soft H2 EBIT guidance after delivering a plus 12.5% in H1. Heineken is set to increase marketing expenses. The CR Beer impairment and the adverse stock price reaction offer excellent momentum to increase the position.
Heineken CEO Dolf Van Den Brink discusses the brewer's first-half results and its plans for the rest of the year.
The Dutch brewery also said low consumer confidence and market volatility contributed to the disappointing earnings.
Heineken grew in Q2, but failed to meet analyst expectations and took a write-down in China. The global beer industry is still in a slump from weak consumer sentiment.