- First quarter organic beer volume for Heineken increased by 4.7%, surpassing estimates set at 2.1%.
- In Europe, organic beer volume rose by 1.6%, defying estimates which predicted a drop of -0.82%.
- In the Asia Pacific, organic beer volume outpaced estimates at a 9.4% increase, compared with the predicted 4.13% increase.
- Organic revenue also beat estimates, growing 9.4% compared to estimated growth of 5.94%.
- Total beer volume reached 55.4 million HL, although this fell slightly short of the estimated 55.85 million HL.
- Specifically in Europe, beer volume stood at 15.3 million HL, slightly above the estimate of 15.18 million HL.
- Americas beer volume exceeded estimates, coming in at 21.4 million HL in contrast to the estimated 20.74 million HL.
- The Asia Pacific managed to surpass its beer volume estimate of 10.71 million HL, rounding up to 11.3 million HL.
- The outlook for the full year remains unchanged, with operating profit (beia) expected to grow low- to high-single-digit organically.
- All regions have reported growing volume and net revenue.
- There has been a steady improvement in business performance, growing in line or ahead of the category in the majority of markets.
- The Low & No-Alcohol (LONO) portfolio volume grew in the mid-teens, led by the strong growth of Heineken 0.0.
- Heineken continues to strengthen its global leadership position in the LONO segment.
- Overall success in this quarter was partly due to an earlier Easter and cycling negative one-off effects from the previous year.
- Heineken currently holds 17 buys, 6 holds, and 2 sells from investors.
Heineken NV on Smartkarma
Analysts on Smartkarma are closely following Heineken NV, with Jesus Rodriguez Aguilar highlighting insights in his report “Selected European HoldCos and DLC: November’23 Report“. According to Aguilar, discounts to the Net Asset Value (NAV) of covered holdcos such as Heineken Holding have tightened in November. He finds interesting trades, including comparisons between Heineken Holding and Heineken, Porsche SE and listed assets, and Rio DLC. The discounts to NAV of various holdcos have all decreased during the month, with Heineken Holding narrowing its discount to 14.5% from 14.9%.
Aguilar also notes the spread of Rio DLC has tightened to 17.2% from 21%. His analysis suggests potential lucrative holding trades and opportunities within these companies. The report provides valuable insights into the market sentiment surrounding Heineken NV and other European companies, aiding investors in making informed decisions based on the research provided by independent analysts on Smartkarma.
A look at Heineken NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed the long-term outlook for Heineken NV, the global beverage producer and distributor. According to Smart Scores, which range from 1 to 5, Heineken NV has received consistent scores of 3 across various factors including Value, Dividend, Growth, Resilience, and Momentum. This indicates a moderate overall outlook for the company in the foreseeable future.
Heineken NV, known for its wide range of beverages produced under various brand names, has been evaluated as possessing stable fundamentals across multiple key areas. With balanced scores in Value, Dividend, Growth, Resilience, and Momentum, the company appears to be positioned to maintain its market standing and growth potential over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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