HEINY Stock Recent News

Heineken N.V. (EURONEXT:HEIA) shares have plummeted close to 8% today after the Dutch brewer saw its sales volumes come in weaker-than-expected for the first half.

Heineken shares slumped on Monday as the Dutch brewer took a €874 million ($948 million) write-down on its holding of a Chinese brewery, as it increased spending more than analysts expected.

Operting profit showed organic growth of 12.5%, below a company-compiled consensus forecast of 13.2%.

Dutch brewer Heineken reported a 12.5% rise in half-year operating profit on Monday after an anticipated boost from sporting events in June and July did not materialise, missing analyst estimates and sending its shares down 7%.

Amsterdam, 29 July 2024 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announces:   Key Highlights     Revenue €17,823 million Net revenue (beia) 6.0% organic growth; per hectolitre 4.3% Beer volume organic growth 2.1%; Heineken® volume 9.2% growth Operating profit €1,542 million; operating profit (beia) organic growth 12.5% Diluted EPS (beia) €2.15; up 5.9% Outlook for the full year updated: operating profit (beia) expected to grow organically in the range of 4% to 8%.

Maggie Timoney, CEO of Heineken USA, joins CNBC's 'The Exchange' to discuss the rise in non-alcoholic beers, trends in beer consumption, and more.

Amsterdam, 24 June 2024 - Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today announced that it has successfully placed €900 million of 12-year Notes with a coupon of 3.812%.

Heineken N.V. (EURONEXT:HEIA) has announced a £39 million investment to refurbish and reopen 62 previously closed pubs across the UK, as part of its Star Pubs & Bars chain, creating over 1,000 new jobs.

Heineken N.V. (EURONEXT:HEIA) has reported below-expected revenue despite an improvement in sales over the first quarter, led by premium beer volumes.

Heineken sold more beer in the first quarter, reporting its first quarterly year-on-year growth in beer volumes in a year, and stuck to its forecast for profit growth in 2024.