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Heineken Q3 Revenue Down; Sees FY Profit Growth At Low End Of Guidance

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Heineken N.V. (HKHHF.PK), a Dutch brewer, reported that its revenues for third quarter declined 4.0% to 8.712 billion euros from 9.072 billion euros last year. Net revenue also decreased 3.0% to 7.327 billion euros from 7.557 billion euros in the previous year.

Net revenue (beia) decreased organically by 0.3%, reflecting a slight decline in overall performance. Total consolidated volume dropped by 3.8%, while net revenue (beia) per hectolitre increased by 3.6%. This improvement in revenue per unit was driven by a 3.3% rise in price-mix on a constant geographic basis, supported by strategic pricing actions to counter inflation and a favorable shift toward premium products in the portfolio.

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