Heineken Half-Year Report 2024

Dolf van den Brink, CEO and Chairman of the Executive Board, commented:

“We delivered a solid first half of the year, organically growing net revenue (beia) 6% and operating profit (beia) 12.5%. The Americas region stood out, as portfolio mix and major ongoing saving initiatives resulted in a strong operating profit improvement, notably in Brazil and Mexico. APAC returned to growth, led by India and with the Vietnamese beer market stabilizing. We are actively navigating volatility in Africa. In Europe we gained market share in the majority of our markets and beer volume was slightly up compared to last year despite poor weather in June.

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%.