(News Bulletin 247) – Heineken published better-than-expected results for the 2022 financial year on Wednesday, driven by the increase in its volumes, in particular in the Americas, and the rise in its prices.
Net sales of the Dutch brewer climbed 30.4% to 28.7 billion euros last year, compared to a consensus that gave it to 28.4 billion.
In its press release, the group indicates that its net revenues increased by 21.2% in organic data, thanks to a rise in volumes of 6.4% and a mix-price effect of 14.3% linked to the impact of inflation on its prices and the ‘premiumisation’ of its product portfolio.
Its operating profit increased by 24% to reach 4.5 billion euros, again beyond the consensus which aimed at 4.4 billion.
For 2023, Heineken confirmed its objective of organic operating profit growth of 5% to 10% in an economic context deemed ‘difficult’ due to the deterioration of consumer morale in certain countries.
Its annual volumes are expected to increase slightly, with the strength of sales in emerging countries more than offsetting the expected decline in Europe.
Following this publication, the title of the world number two in the sector gained 1.8% at the start of the day on the Amsterdam Stock Exchange, signing one of the three best performances of the local AEX index.
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