- Heineken’s Europe adjusted operating profit surpassed expectations with €1.35 billion compared to the estimated €1.34 billion.
- In the Americas, adjusted operating profit also exceeded estimates, reaching €1.83 billion against the expected €1.76 billion.
- Asia Pacific’s adjusted operating profit slightly missed expectations, landing at €914 million compared to an estimate of €933.9 million.
- The company reported adjusted net revenue of €29.96 billion, falling short of the €30.13 billion projection.
- Europe’s adjusted operating margin was better than expected at 11.4%, against an anticipated 11.2%.
- The Americas reported a strong adjusted operating margin of 17.6%, exceeding the forecast of 16.9%.
- Asia Pacific’s adjusted operating margin was slightly below expectations at 21.6% compared to 21.7% estimated.
- A final dividend per share was declared at €1.17.
- Total beer volume in the fourth quarter was slightly above expectations at 60.5 million hectoliters.
- Europe’s beer volume was slightly below estimates at 16.4 million hectoliters.
- The Americas exceeded beer volume expectations with 24.4 million hectoliters, higher than the estimated 24.02 million.
- Asia Pacific also performed better than expected in beer volume, reaching 11.6 million hectoliters.
- Africa & Middle East underperformed in beer volume at 8.1 million hectoliters, below an anticipated 8.74 million.
- Fourth quarter adjusted net revenue was slightly below expectations, at €7.47 billion versus an estimate of €7.53 billion.
- In Europe, adjusted net revenue was lower than expected at €2.59 billion against a forecasted €2.77 billion.
- The Americas adjusted net revenue closely met expectations at €2.64 billion.
- Asia Pacific surpassed adjusted net revenue expectations with €1.14 billion over the estimated €1.12 billion.
- Africa & Middle East exceeded adjusted net revenue projections, achieving €1.23 billion compared to expectations of €1.14 billion.
- Heineken projects a 4% to 8% organic growth in operating profit for the full year of 2025.
- The “beyond beer” segment grew by 4%, driven by brands like Desperados worldwide and Savanna cider in Southern Africa.
- Heineken’s stock currently has 17 buy ratings, 7 holds, and 1 sell.
A look at Heineken NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
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, the renowned international beverage producer, holds a moderate outlook for the long term based on its Smartkarma Smart Scores. With balanced ratings across various key factors, such as Value and Dividend scoring a 3 out of 5, Heineken NV demonstrates stability and potential for investors seeking reliable returns. While Growth and Momentum scores rank slightly lower at 2, highlighting room for improvement in these areas, the company’s Resilience score of 3 solidifies its ability to withstand market fluctuations and economic challenges.
Overall, Heineken NV‘s Smartkarma Smart Scores reflect a steady trajectory for the company, indicating a dependable investment opportunity with room for growth and resilience in the face of uncertainties. As a producer of a wide range of beverages, including beers, spirits, wines, and soft drinks under various brand names, Heineken NV presents a diversified portfolio that appeals to a broad consumer base, positioning the company favorably for long-term success in the global market.
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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