Heineken : Upgrade to Neutral with recovery to pre-COVID-19 levels imminent
>At group level, volumes, revenue and EBIT beat forecasts in 2021 - Heineken’s beer volume growth came in slightly higher than our forecast and in line with consensus. Organic revenue growth came in at 12.2%, ahead of both our forecast and consensus. Revenue per hectolitre amounted to 8.3%, implying a steep acceleration to 11% in H2 2021, a trend which is expected to continue in 2022. Operating profit beat consensus by 3.6% and our estimate by 5.3% in 2021. Net profit...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.