HINKF - Heineken Q1: Growth And Value Combined Means A Buy

2024-04-25 16:22:18 ET

Summary

• Heineken delivered an impressive Q1 sales update, with a 7.2% increase in top-line sales and 4.7% organic growth in beer volume.
• The company's premium beer volume increased by 7.3%, and it showed a solid performance on eB2B platforms, capturing €2.7 billion in gross merchandise value.
• Beer premiumization and EPS growth acceleration make Heineken a buy.

On 24/04/2024, He ineken ( HEINY ) ( HINKF ) r eleased the first-quarter trading update; today, we are back to comment on it. For our new readers, the company is engaged in the brewing and selling beer. Its product range consists of beer, soft drinks, and cider, and it has four operating segments: Europe, Americas, AMEE (Africa and the Middle East), and Asia Pacific. That said, the company sells in more than 190 countries thanks to a product portfolio comprising iconic brands such as Primus, Amstel, Walia, Goldberg, Tecate, Sol and Dos Equis, Tiger, Birra Moretti, etc....

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