Heineken N.V. Q1 2025 trading update summary

Heineken reported revenue of €7.784 billion, a decrease of 4.9 percent year-over-year. Net revenue (beia) grew organically by 0.9 percent, with a 3.3 percent increase per hectolitre. Total organic beer volume declined by 2.1 percent, while premium beer volume rose by 1.8 percent. The Heineken brand alone grew by 4.6 percent.

According to CEO Dolf van den Brink, performance was in line with expectations despite macroeconomic volatility. Markets like Vietnam, India, Ethiopia, Brazil, and China showed strong results. Marketing and selling investments are being increased, and the company is on track to achieve €0.4 billion in gross savings by year-end.

Heineken reiterated its full-year outlook of organic operating profit (beia) growth between 4 and 8 percent.

The company will host an investor and analyst conference call with CFO Harold van den Broek on April 16 at 14:00 CET.