- Heineken’s total beer volume for Q3 was 59.0 million hectoliters, which was below the expected 59.62 million hectoliters.
- In Europe, beer volume reached 21.2 million hectoliters, falling short of the 21.47 million hectoliter estimate.
- The Americas recorded a beer volume of 20.5 million hectoliters, missing the expectation of 20.65 million hectoliters.
- Africa & Middle East’s beer volume was 6.8 million hectoliters, slightly less than the estimated 6.9 million hectoliters.
- Adjusted net revenue was €7.33 billion, barely missing the estimated €7.36 billion.
- Europe’s adjusted net revenue stood at €3.22 billion, below the €3.25 billion forecast.
- Adjusted net revenue for the Americas was €2.26 billion, short of the €2.28 billion estimate.
- Asia Pacific outperformed with adjusted net revenue of €958 million, exceeding the projected €948.5 million.
- Africa & Middle East had adjusted net revenue of €1.02 billion, just under the €1.04 billion prediction.
- Europe’s organic adjusted net revenue declined by 3.6%, against an estimate of -2.87%.
- The Americas saw a 5.5% drop in organic adjusted net revenue, worse than the anticipated -4.56% decrease.
- Asia Pacific posted a positive organic adjusted net revenue growth of 5.6%, outperforming the expected +3.73%.
- Africa & Middle East recorded a strong organic adjusted net revenue growth of 14.9%, surpassing the estimate of +12.4%.
- Heineken remains confident of achieving €0.5 billion in gross savings for 2025 despite the tough quarter.
- The company anticipates full-year organic operating profit growth to be at the lower end of its 4% to 8% guidance.
- Dolf van den Brink, CEO, noted that increased macroeconomic volatility contributed to a challenging environment and mixed performance in Q3.
A look at Heineken NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Heineken NV, a renowned producer and distributor of beverages globally, is positioned with moderate scores across key factors according to Smartkarma Smart Scores. With Value, Dividend, Growth, Resilience, and Momentum all receiving a score of 3, Heineken NV appears to exhibit a balanced outlook for the future. This indicates that the company is neither significantly undervalued nor overvalued, providing a stable dividend yield and showing consistent growth potential. Moreover, its resilience and momentum in the market are also at a moderate level, suggesting a steady performance in the long term.
Heineken NV‘s overall outlook, as determined by Smartkarma Smart Scores, reflects a stable position across various aspects crucial for assessing its future prospects. With a diversified portfolio including beers, spirits, wines, and soft drinks marketed under different brand names, the company maintains a resilient standing in the market. Despite facing competitive pressures, the balanced scores across Value, Dividend, Growth, Resilience, and Momentum signal a steady trajectory for Heineken NV, positioning it well for potential long-term growth and performance.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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