Heineken NV

OTCQX International Premier:HEINYUnited States

Apr 24, 2024

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• DJ Market Talk Roundup: Heineken Sales Volume Beats Expectations, from 8:00AM ET on Wednesday Apr 24, 2024 by Dow Jones

  8:00AM ET on Wednesday Apr 24, 2024 by Dow Jones
  Companies Mentioned: HEINY
  
  Heineken reported a better-than-expected quarterly sales volume growth and backed its guidance of the full year. The Dutch brewer said the volume of beer sold grew 4.7% on year, beating the company-provided market expectations of 2.5%. The company added that its premium beers segment outperformed the rest of its portfolio, with 7.3% growth. The following is a selection of analyst comments.
  

• DJ Heineken Sold More Beer Than Expected, Even With Easier Comparatives Excluded -- Market Talk, from 7:15AM ET on Wednesday Apr 24, 2024 by Dow Jones

  7:15AM ET on Wednesday Apr 24, 2024 by Dow Jones
  Companies Mentioned: HEINY
  
  1115 GMT - Heineken's volume beat expectations even when technicalities such as easier comparatives are excluded, UBS analysts write in a note. The Swiss bank estimates that one extra selling day, an earlier Easter and easier comparatives in Vietnam and Nigeria contributed around 2 percentage points to 1Q volume growth. If removing these technical effects, volume growth would still be 2% -2.5%, ahead of expectations and sequentially better than the previous quarter, they say. The Dutch brewer also shows signs of improving competitiveness in its key markets, which should support investor sentiment, they add. "We think there should be greater confidence in the achievability of at least the upper-end of the low to high-single digit organic EBIT growth guidance," UBS analysts add. Shares are up 0.35% but down 12% on a 12-month basis. (michael.susin@wsj.com)
  

• DJ Heineken's Brand Volume Growth Likely to Boost Profit -- Market Talk, from 6:37AM ET on Wednesday Apr 24, 2024 by Dow Jones

  6:37AM ET on Wednesday Apr 24, 2024 by Dow Jones
  Companies Mentioned: HEINY
  
  1036 GMT - Heineken's 1Q came ahead of expectations driven by a robust volume recovery in beer volumes, Citi analysts say in a note. The Heineken brand itself shined after growing an impressive 12.9%, they say, noting that the figure should support profitability. Added to that, the company has scope for an earnings upgrade in the near term as Citi expects current headwinds from Nigerian business to ease and trading momentum to improve in the 2Q/3Q. "After several quarters of over-promising and under-delivery, the combination of the strong start and unchanged guidance metrics should be enough to take the stock forward," they add. Shares are up 0.3%, but down 12% on a 12-month basis. (michael.susin@wsj.com)
  

• DJ Heineken Surprises With Volume Beat, But Keeps Guidance Untouched -- Market Talk, from 6:06AM ET on Wednesday Apr 24, 2024 by Dow Jones

  6:06AM ET on Wednesday Apr 24, 2024 by Dow Jones
  Companies Mentioned: HEINY
  
  1002 GMT - Heineken reported a robust 1Q update, delivering a beat in volumes, Bank of America Global Research analysts Andrea Pistacchi and Victor Beltran-Segarra say in a note. The Dutch brewer's performance was helped by easy comparative and the phasing of the Easter festivities in some markets, they highlight. The group also delivered a positive volume growth and beat expectations across all regions, they added. The backed guidance doesn't surprise given that the first quarter is usually quieter in some markets and management's previous comments on wanting to be more conservative, BofA analysts adds. Shares are up 0.6%, but down 11% on a 12-month basis. (michael.susin@wsj.com)
  

• DJ Heineken Sales Volume Beats Expectations as Premium Beers Shine -- Update, from 3:22AM ET on Wednesday Apr 24, 2024 by Dow Jones

  3:22AM ET on Wednesday Apr 24, 2024 by Dow Jones
  Companies Mentioned: HEINY
  
  By Michael Susin
  
  Heineken said its beer sales volume increased by more than expected in the first three months of the year, when its premium beers including its namesake brand outperformed the rest of its portfolio.