Heineken N.V. : Europe and the Americas strong, other divisions disappoint in Q1 2023
>Group volume growth disappointing, but revenue growth in line in Q1 - Heineken reported a decline in volumes of 3% year-on-year in Q1 2023, which was disappointing. The Americas and Europe reported better-than-expected volumes, while the other two regions disappointed on reported volume growth. The main miss was in Asia Pacific, where we had clearly underestimated the issues in Vietnam. The volume weakness in Africa, Middle East & Eastern Europe does not appear to b...Heineken is an international brewer and engaged in the production and distribution of beer brands in 178 countries. Co. is committed to the marketing and consumption of its more than 250 international premium, regional, local and specialty beers and ciders. These include Heineken®, Amstel, Anchor, Biere Larue, Bintang, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster's, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec. In addition, Co. is the cider maker with brands such as Strongbow® and Bulmer's®. Some of its wholesalers also distribute wine, spirits and soft drinks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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