Report
Fatma Agnès Hamdani

Heineken : Résultat annuel au-dessus des attentes

>Une guidance très prudente pour 2019 - Malgré les bons résultats 2018, l'objectif de croissance organique mid-single digit du ROP pour 2019 semble très prudent compte tenu de l'amélioration attendue de la rentabilité au Brésil. Cela implique une pression continue sur les coûts logistiques et les prix des matières premières. Pour autant, les pays clés du groupe (Vietnam, Mexique...) ne suscitent pas de préoccupation majeure à court terme. Opinion Achat maintenue, l'ac...
Underlying
Heineken NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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