Heineken Stock Climbs On Positive Outlook, Share Buyback, Despite Weak FY24 Results

RTTNews | 176 ngày trước

(RTTNews) - Shares of Heineken N.V. were gaining around 13 percent in the Amsterdam trading after the Dutch brewer announced positive outlook for fiscal 2025, a dividend, and up to 1.5 billion euros share buyback program. This was despite reporting weak profit and revenues in fiscal 2024.

For the full year 2025, HEINEKEN expects net profit (beia) organic growth to be broadly in line with the projected operating profit (beia) organic growth in the range of 4 percent to 8 percent.

The company anticipates continued volume and revenue growth in the new year.

However, the first quarter will face a high comparison base and be impacted by technical factors such as fewer selling days and the timing of Easter and T?t, the firm noted.

HEINEKEN added that its "continuous productivity programme aims to deliver at least €400 million of gross savings in 2025, funding growth, digital transformation, and sustainability initiatives. As it did this year, HEINEKEN intends to further increase in support of its brands and for marketing and selling investments to grow ahead of revenue."

Further, the company intends to propose a final dividend of 1.17 euros per share to be paid on May 2. For 2024, the total cash dividend would be 1.86 euros per share, a 7.5 percent increase to last year.

If Heineken N.V. shareholders approve the proposed dividend, Heineken Holding N.V. will pay an identical dividend per share.

In addition, Heineken Holding N.V. intends to implement a two-year programme to repurchase own shares for an aggregate amount up to around 750 million euros.

Heineken N.V. intends to simultaneously execute a share buyback programme for 1.5 billion euros.

For the full year, Heineken's net profit was 498 million euros or 1.76 euros per share, down from 1.174 billion euros or 4.12 euros per share a year ago.

Adjusted net profit or net profit (beia) was 2.739 billion euros, compared to 2.632 billion euros last year. Earnings per share (beia) increased 4.7 percent organically to 4.89 euros.

Profit before tax was 2.007 billion euros for the full year, lower than 2.522 billion euros in the previous year.

Operating profit (beia) was 4.512 billion euros, an organic growth of 8.3 percent.

Revenue for the year decreased 1.2 percent to 35.955 billion euros from 36.375 billion euros in the previous year. Revenue (beia) grew 5 percent organically to 36.077 billion euros, driven by strong growth of its largest operating companies in Brazil, Mexico, Nigeria, South Africa, Vietnam and India.

Total consolidated volume increased by 1.4 percent with net revenue (beia) per hectolitre up 3.5 percent.

Beer volume increased organically 1.6 percent for the full year with contributions from all regions.

In Amsterdam, Heineken shares were trading at 76.56 euros, up 12.66 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Thẻ: HKHHF.PK

U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor

The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.

RTTNews | 23 phút trước

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.

RTTNews | 6h 29phút trước

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | 7h 0phút trước

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | 7h 10phút trước

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | 8h 7phút trước