Heineken leads European brewers’ shares rally as profits beat forecasts
Heineken led a rally in shares of Europe’s biggest brewers on Wednesday after the Dutch group’s annual profits and revenues beat forecasts and the company announced an unexpected share buyback. Shares in Heineken surged 12 per cent, as the brewer announced it would buy back €1.5bn of its stock over the next two years.
Heineken NV grew in all regions even as consumers pulled back spending on many non-essential items in most markets.
CEO Dolf van den Brink said Heineken would continue to investments through 2025 as part of its “EverGreen Strategy” to future ...
REVENUE FORECAST: Net revenue before exceptional items and amortization--the company's preferred metric--is forecast to fall to 29.96 billion euros ($30.88 billion) in 2024 compared with 30.31 billion ...
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