Heineken delivers a ‘solid third quarter of balanced growth’
The Dutch-brewers non-alcoholic beer & cider grew 11.0% during the period
Print24 October 2024
Heineken has delivered a ‘solid quarter of balanced growth, organically growing beer volume 0.7% and net revenue 3.3%, according to it third quarter financial results 2024.
The Dutch brewer’s business continues to deliver in line with our plan in aggregate, despite some markets navigating challenging consumer and industry trends, it noted.
The worlds second biggest brewer noted that its evergreen strategy continues to shape its business.
Premium volume grew 4.5%, led by Heineken which was up 8.7% during the quarter, with ‘further significant contributions from Kingfisher Ultra in India and Savanna in Southern Africa’.
‘Back on track’
Heineken noted that its non-alcoholic beer & cider grew 11.0% during the period which ‘further reinforced global leadership in the segment.
In a statement, Dolf van den Brink, chairman of the executive board and CEO, said: “As planned, we are materially stepping up our marketing investments in the second half of the year.
“Our €0.5 billion gross savings target for 2024 is on track.
“We confirm and reiterate our full year outlook to grow operating profit organically in the range of 4% to 8%, reflecting our confidence in delivery and commitment to invest behind growth and to future-proof our business.
Read more: Heineken N.V. reports strong 2024 half-year results
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