Heineken N.V. : Not great, but Q3 2024 trading update more or less as anticipated
>Organic volume and revenue growth a notch ahead of consensus in Q3 2024 - Heineken reported its Q3 2024 trading update, addressing volumes and revenue. Total beer volumes came in at 61.9m hl (ABNe: 61.5m hl, consensus: 61.8m hl). Organically beer volumes grew by 0.7% (ABNe: 0.8%, consensus: 0.5%). Revenue came in at € 7,679m, compared with our estimate of € 7,586m and consensus of € 7,784m. Organic revenue growth was 3.3% (ABNe: 3.8%, consensus: 3.2%). The negative c...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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