Heineken Q1 2025 Revenue Falls 4.9% to €7.78B Amid Global Tariff Concerns

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Updated Apr 16, 2025, 06:07 PM

Heineken NV reported a 4.9% decline in total revenue to €7.78 billion for the first quarter of 2025, despite beating analysts' expectations for net revenue and beer volumes. The company's adjusted net revenue reached €6.54 billion, slightly above the estimated €6.53 billion, while organic beer volume fell by 2.1%, better than the forecasted 2.86% decline. Growth in premium labels contributed to the better-than-expected performance. The drop in beer volumes was attributed to a late Easter holiday, which impacted demand for Heineken's top-selling brands in Europe and the Americas. Despite this, the company maintained its full-year guidance, expecting an adjusted operating profit growth of between 4% and 8%. Heineken's performance in Asia-Pacific and Africa and the Middle East helped offset declines in other regions. In India, the company reported low-teens organic net revenue growth and mid-single-digit beer volume growth, although it lagged the broader beer market due to a temporary supply halt in one of its major states. The Heineken brand itself grew volumes for the 17th consecutive quarter. The company expressed concerns about ongoing global tariffs, which could affect consumer behavior and Heineken's business strategy moving forward. In the US, volumes declined in the high single digits, while in Vietnam, sales recovered during the Tet festival. Heineken outperformed the market in Nigeria, and saw growth in the teens in Egypt and Algeria.

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#Heineken NV #Easter holiday #Heineken #Europe #Americas #Africa #Middle East #India #US #Vietnam #Tet #Nigeria #Egypt #Algeria

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Sources

news24.com(2)businesspost.ie(2)businessam.be infomoney.com.br

Business AM

@businessamnl

Heineken reports first quarter sales decline, confirms full-year forecasts https://t.co/nbPL7IV664 #Heineken #omzetdaling #prognoses #bedrijven #europa https://t.co/suLM8aJjmW

InfoMoney

@infomoney

What do the Heineken numbers indicate for Ambev in 1Q25? https://t.co/WRVsmmqQyU

FinChat

@finchat_io

Heineken is one of the only beer brands globally that has delivered consistent volume growth over the last several years. The Heineken brand has now grown volumes in 17 consecutive quarters. $HEIA $HEINY https://t.co/WWvd4MQE3R