Heineken NV Reports Q1 Results

Heineken NV, a Dutch beverage company with international operations, has released its first-quarter results. Key highlights include:

• Revenue: Heineken’s Q1 revenue decreased 4.9% year-over-year.
• Beer Volume: The company experienced a 2.1% decrease in beer volume during the quarter.
• Share Price: Heineken’s shares rallied 5.1% on the news.

The company reaffirmed its full-year profit growth outlook of 4-8%. Heineken’s strategy includes:

• Premiumization: The company aims to increase sales of premium products.
• Cost Savings: Heineken is implementing measures to reduce costs.
• Limited US Tariff Impact: The company has mitigated the impact of US tariffs on its operations.

Heineken also announced a €1.5 billion buyback program to provide downside protection for shareholders.

Share Performance

Heineken’s shares have traded within a range of €63.58 to €97.5 over the past 52 weeks, indicating volatility in the market.

Annual General Meeting

At the company’s Annual General Meeting, shareholders adopted all proposals. Key resolutions include:

• Re-appointment of Executive Board Member Harold van den Broek.
• Approval of a EUR 1.86 per share dividend for 2024.