Heineken N.V. is a Dutch multinational brewing company founded in 1864 by Gerard Adriaan Heineken in Amsterdam. As of 2024, it operates over 165 breweries in more than 70 countries and produces 348 international, regional, local, and specialty beers and ciders. The company employs approximately 85,000 people globally .
📊 Financial Overview (2024)
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Revenue: €36.0 billion (a 1.2% decrease from 2023)
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Net Revenue (BEIA): €30.0 billion, reflecting a 5.0% organic growth
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Operating Profit (BEIA): €4.5 billion, an 8.3% organic increase
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Net Profit (BEIA): €2.7 billion, up 7.3% organically
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Earnings Per Share (BEIA): €4.89
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Free Operating Cash Flow: €3.1 billion
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Beer Volume: 1.6% organic growth, with Heineken® brand volume increasing by 8.8%
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Operating Profit Margin (BEIA): 15.1%, up 40 basis points
🌍 Regional Performance Highlights
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Strong Growth: Significant increases in beer volume and revenue were observed in India, Nigeria, Vietnam, Brazil, and Mexico.
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Market Share: Heineken gained or maintained volume market share in more than half of its markets in 2024 .
🔄 Strategic Initiatives
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Sustainability: Heineken is committed to reducing its carbon footprint and enhancing sustainability across its operations.
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Digital Transformation: The company is investing in becoming the best digitally connected brewer to improve efficiency and customer engagement.
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Share Buyback Program: Heineken announced a €1.5 billion share buyback program over two years, reflecting confidence in its financial position .
🏭 Expansion Efforts
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Dubai Brewery: Heineken is set to open its first major commercial brewery in Dubai by the end of 2027. This joint venture with Maritime and Mercantile International aims to tap into the growing tourism demand in the UAE and produce popular brands like Heineken, Kingfisher, Amstel, and Birra Moretti .
📰 Recent News
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Shareholder Returns: Heineken's announcement of a €1.5 billion share buyback program and strong financial performance led to a 12% surge in its share price, outperforming other European brewers .
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UK Pub Investments: The company is investing £39 million to reopen 62 closed British pubs and refurbish 94 existing ones under its Star Pubs & Bars brand by the end of 2024, aiming to revitalize its pub portfolio .