Heineken N.V. : Headwinds expected to lead to negative organic EBIT growth in H1 2023
>Heineken’s H1 23 results set to be reported on 31 July - Heineken’s first-half 2023 results are due on 31 July, and the company will enter its closed period on 30 June. At its most recent official update (Q1 2023, 19 April), management had already toned down the wording of its H1 2023 outlook and we noticed a similar trend from equity conferences that Heineken attended since then. To illustrate, Heineken reiterated its 2023 guidance (initially provided at its CMD 202...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.
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