logo
Plus   Neg
Share
Email

HEINEKEN Withdraws 2020 Guidance - Quick Facts

Heineken N.V. (HKHHF.PK) said, for the first quarter of 2020, the company expects to announce a total consolidated volume decrease of around 4% organically with beer volume decline around 2%. The impact is expected to worsen in the second quarter, the company noted. Due to uncertainties related to Covid-19 pandemic, HEINEKEN has decided to withdraw all guidance for 2020.

HEINEKEN said it has entered the crisis with a strong balance sheet as well as undrawn committed credit facilities and has successfully secured additional financing on the debt capital market in recent weeks.

HEINEKEN said it will provide more information on its mitigating actions in first quarter trading update on 22 April.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hyundai Motor has launched a new IONIQ brand dedicated to battery electric vehicles, as the automaker is accelerating its efforts to gain a share in the fast-growing global EV market. Under the IONIQ brand, Hyundai plans to introduce three new dedicated electric vehicle models over the next four years. Hyundai is South Korea's largest automaker. Amazon.com, Inc. is in talks with mall operator Simon Property Group, Inc. to use the abandoned anchor departmental stores of JC Penny and Sears at their malls as fulfillment centers, reports said. This is expected to help the e-commerce giant in boosting their last mile delivery, which is the last leg of the delivery process. The U.S. Food and Drug Administration announced the approval of Trevena Inc.'s Olinvyk (oliceridine), a new opioid for intravenous use in hospitals or other controlled clinical settings. Olinvyk is an opioid agonist to manage moderate to severe acute pain in adults, where the pain is severe enough to require an intravenous opioid and for whom alternative treatments are inadequate.
Follow RTT