Heineken shares up on strong first-half earnings

📆 7/29/2024 12:30 AM
📰 Investingcom

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Heineken shares up on strong first-half earnings

The brewing giant reported a 2.2% year-over-year increase in revenue to €17.8 billion for the first half of the year. Net revenue, excluding excise duties, inflation, and exchange rate fluctuations , rose by 6% organically, fueled by growth in major markets like Nigeria, Mexico, Brazil, Vietnam, and India.

Heineken’s operating profit rose 12.5% organically to €1.542 billion. This strong performance allowed the company to raise its full-year outlook for operating profit growth to between 4% and 8%.

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