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Heineken has seen soft volumes in key emerging markets hit its share price, with the stock currently off around 20% from its 2023 highs. Aggressive price hikes should moderate into H2, while cost inflation should also start to ease off a little. This will help restore earnings in the back half of 2023. Heineken's route to high single-digit per annum earnings growth remains in place, with the firm well-placed to capitalize on key beer industry growth spots.
Beer giant Heineken N.V. is the latest Western company to exit Russia, announcing Friday the sale of its Russian operations to Arnest Group for one Euro.
Heineken finally cut ties with Russia 18 months after the Ukraine invasion. The company took a 300 million euro hit after selling its Russian operations for 1 euro.
Heineken has announced its departure from Russia following the sale of its business in the country for a symbolic €1 ($1).
Heineken N.V. (EURONEXT:HEIA) has sold its Russian business to native manufacturing company Arnest Group for €1, incurring a total loss of €300 million (£256 million), a company statement revealed.
THE HAGUE, Netherlands (AP) — Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine, selling its business in Russia for just 1 euro, the company announced Friday.
Investing in companies that make products people buy day-in and day-out is a smart way to weather an economic storm, but there are some consumer staples stocks to sell which are the exception to that rule. A consumer staples stock includes a whole range of companies— from over-the-counter medicines to household products, food and even alcohol and tobacco.
Heineken CEO Dolf van den Brink offered what he thinks brands should do after Bud Light received backlash for its partnership with Dylan Mulvaney in a CNBC interview.
"You have to be balanced," Heineken CEO Dolf van den Brink told CNBC. "At the same time, you need to stand for your values and your principles.
Dolf van den Brink, CEO of Heineken, discusses the company's first-half results.