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N100:HEIA, Feb 22, 10:29 UTC

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Wednesday, February 12


News

StockBeat: Heineken Boss Bows Out in Style - at a Good Moment

HEIA

Investing.com -- Heineken’s veteran chief executive Jean-Francois van Boxmeer is bowing out with a flourish - and his successor is going to have to work hard to match it. That had seemed in doubt after Heineken’s last update, when it warned of all the usual headwinds to growth worldwide, but strong performances in Brazil and south-east Asia in the last three months of 2019 appear to have allayed those risks. The company both sold more beer and got a higher price for it, thanks to past spending on persuading customers that fermented barley water is actually a premium product. Organic sales volumes were up 3.1% on the year, while average selling prices were up 3.3%, not bad for an industry considered to be facing structural decline as consumer tastes evolve. Heineken’s numbers reinforce the positive mood music created last week by Carlsberg (CSE:CARLa), which raised its dividend sharply after reporting a 24% increase in profit for the year. But what’s true for Heineken’s premiumized beers is also true for its stock, which looks expensive at over 30 times trailing earnings and a dividend yield of less than 2%. Even after today’s hike in the dividend, the payout is still less than 40% of net earnings, which compares poorly to the 50% payout ratio at Carlsberg (CSE:CARLa). Nor was there any mention of future share buybacks in today’s release.

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Heineken sees more profit growth in final year for long-serving CEO

HEIA

Heineken sees more profit growth in final year for long-serving CEO. BRUSSELS (Reuters) - Heineken (HEIN.AS), the world's second largest brewer, forecast lower barley and aluminium costs would help to boost profits this year, when its long-serving chief executive will step down. Shares in the maker of Heineken, Europe's top-selling lager, as well as Tiger, Sol and Strongbow cider, jumped more than 6% in early Wednesday trading as investors cheered solid fourth-quarter results, led by growth in Vietnam, Cambodia and Brazil. Along with a more moderate increase in input costs, that should result in a mid-single digit percentage rise in operating profit in 2020, it added, while saying it was too early to assess the impact of the coronavirus outbreak on its business.

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Stocks - Europe Boosted by Heineken Gains; Virus Fears Wane

HEIA

Investing.com - European stock markets pushed higher Wednesday, helped by strong earnings from the likes of brewing giant Heineken (AS:HEIN) and chemicals company Akzo Nobel (AS:AKZO), amid signs that the coronavirus outbreak is peaking. At 04:08 ET (0908 GMT), the U.K.'s FTSE index was trading 18 points, or 0.2%, higher, France's CAC 40 was up 18 points, or 0.3%, while the DAX gained 75 points, or 0.6%. The Stoxx 600 index, which represents a broad swathe of companies across 17 countries in Europe, traded 0.3% higher, albeit off a new record high of 430.30 it hit earlier. Earlier Wednesday, an influential economist at a top government think tank Wednesday helped the tone by saying China will be able to achieve its long-term goal of doubling gross domestic product and incomes in the decade to 2020, despite the impact from the coronavirus.

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Heineken expects 2020 operating profit to rise by mid single-digit percentage

HEIA

Heineken expects 2020 operating profit to rise by mid single-digit percentage. (Reuters) - Heineken (HEIN.AS), the world's second-largest beer maker, said on Wednesday it expects operating profit this year to grow by a mid-single digit percentage after 2019 earnings came in line with expectations. The Dutch maker of Heineken, Europe's top-selling lager, as well as Tiger, Sol and Strongbow cider, said its annual operating profit before one-offs rose by 3.9% on a like-for-like basis last year to 4.02 billion euros ($4.39 billion). Heineken said volume and price growth, together with consumers shifting up to more expensive beers, and a more moderate rise in input costs would lead to mid-single digit percentage rise in operating profit this year.

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Heineken FY19 Net Profit Up 13.2%; Sees Profit Growth In FY20

HEIA

Heineken FY19 Net Profit Up 13.2%; Sees Profit Growth In FY20 | NASDAQ. Net profit before exceptional items and amortisation or beia rose 4.3 percent from last year to 2.52 billion euros, while earnings per share increased 4.9 percent to 4.38 euros. IFRS operating profit for the year increased 16.4 percent to 3.63 billion euros from 3.12 billion euros in the prior year. Operating profit (beia) grew 3.9 percent organically, driven by strong revenue growth partially offset by input cost inflation and higher investments in global sponsorships, e-commerce and technology upgrades. This represents an increase of 5.0 percent versus 2018, translating into a 38.4 percent payout. If approved, the company will pay a final dividend of 1.04 euros per share on 7 May 2020, as an interim dividend of 0.64 euros per share was paid on 8 August 2019.

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Heineken Holding N.V. reports 2019 full year results Amsterdam Stock Exchange:HEIO

HEIA

Net revenue (beia) organic growth +5.6%; net revenue (beia) per hectolitre +3.3%. Heineken® volume +8.3%, best performance in over a decade. Continued cost management initiatives and productivity improvements to fuel investment behind our brands, innovation, e-commerce platforms, technology upgrades and sustainability programmes. As a result, HEINEKEN currently expects operating profit (beia) to grow by mid-single digit on an organic basis, barring major negative macro economic or political developments. The Board of Directors of Heineken Holding N.V. has announced that it will propose at the Annual General Meeting of Shareholders on 23 April 2020 that Jean-François van Boxmeer be appointed as a non-executive member of the Board of Directors of Heineken Holding N.V. with effect from 1 June 2020, for the maximum period of four years, i.e. until the end of the Annual General Meeting of Shareholders to be held in 2024. For more details please see the press release as issued on 11 February 2020.

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Tuesday, February 11


News

Heineken CEO to step down, replaced by Asia chief

HEIA

(Reuters) - Jean-Francois van Boxmeer, chief executive of Dutch brewer Heineken (HEIN.AS) for the past 15 years, will step down on June 1 and be replaced by the head of the company's Asia-Pacific region, the world's second largest beer maker said on Tuesday. The brewer of Europe's top lager Heineken, as well as Sol, Tiger and Strongbow cider, announced the change a day before it publishes its 2019 results. Under Van Boxmeer's stewardship, Heineken consolidated its position as a global brewer, more than doubling in size. Heineken carved up Scottish & Newcastle with Carlsberg (CARLb.CO) in 2008, became a major brewer in Mexico in 2010, boosted its presence in Asia in 2013 and in 2017 became the second largest brewer in Brazil in acquisitions worth more than 30 billion euros ($33 billion).

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Change to composition of the Board of Directors of Heineken Holding N.V

HEIA

Amsterdam, 11 February 2020 –The Board of Directors of Heineken Holding N.V. will propose at the Annual General Meeting of Shareholders on 23 April 2020 that Jean-François van Boxmeer be appointed as a non-executive member of the Board of Directors of Heineken Holding N.V. with effect from 1 June 2020, for the maximum period of four years, i.e. until the end of the Annual General Meeting of Shareholders to be held in 2024. Heineken Holding N.V. and Heineken N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIO NA and HEIA NA and on Reuters under HEIO.AS and HEIN.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken Holding N.V. (HKHHY) and Heineken N.V. (HEINY).

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Friday, January 24


News

Coca-Cola Brasil asks court to void Heineken acquisition in Brazil: report

KO HEIA

Coca-Cola Brasil asks court to void Heineken acquisition in Brazil: report. FILE PHOTO: Heineken logo is seen at the company's building in Sao Paulo, Brazil April 30, 2019. (Reuters) - Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken (HEIN.AS) acquisition of Brasil Kirin , the Valor Economico newspaper reported on Friday, citing court documents. According to the paper, Coca-Cola has accused the Dutch brewer of designing a sale contract for Brasil Kirin with the intention of breaking the distribution contract the company had with Coca Cola.

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Thursday, January 16


News

Heineken enlists James Bond to push non-alcoholic beer

HEIA

The ad stars actor Daniel Craig as himself, but he keeps being mistaken for James Bond — the character he plays — until he behaves in ways more associated with a real person as opposed to an action film character, such as stopping to catch his breath from running. At the end of the ad, Craig is seen at a bar drinking Heineken 0.0, the company's alcohol-free beer. Molson Coors Beverage Co. recently debuted a "Dry-ish January" campaign promoting a low-alcohol beer Miller64 as an option for drinkers considering reducing their alcoholic consumption. Heineken is a long-running partner with the Bond franchise, and using this relationship to promote a non-alcoholic beer in a major global ad campaign suggests that Heineken 0.0 is not a fringe product but a starring item on the brand's 2020 agenda.

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