Overview
- Heineken reported third‑quarter beer volumes of 59.0 million hectolitres and an organic net sales decline of about 0.3%, reflecting softer demand in Europe, the United States and parts of Latin America.
- The brewer said full‑year operating profit will likely land at the lower end of its 4%–8% guidance range and now expects beer volumes to decline modestly in 2025.
- Management outlined an updated strategy targeting mid‑single‑digit organic net revenue growth each year to 2030, profit growth ahead of revenue, and more than 90% free‑cash conversion.
- The plan concentrates on 17 priority markets with targeted acquisitions and potential divestments, and includes up to €500 million in annual gross savings and an expanded low‑ and no‑alcohol portfolio.
- Price increases and a greater premium brand mix lifted net revenue per hectolitre, but European volumes were hurt by retailer delistings after pricing disputes and by weaker consumer sentiment, including trade tensions in Brazil.