Heineken N.V. Delivers Solid Results and Progress on Sustainability in 2024

Heineken N.V. ("HEINEKEN"), the world's most international brewer, has published its combined Financial and Sustainability Annual Report 2024, highlighting solid results with broad-based growth and profit expansion. The company's net result for 2024 amounts to €498 million, with revenue reaching €35,955 million and net revenue (beia) increasing organically by 5.0% to €30.0 billion. Operating profit (beia) grew organically by 8.3% to €3,517 million, while net profit (beia) increased by 7.3% to €978 million. Diluted EPS (beia) stood at €4.89, a 4.7% increase compared to the previous year.

Heineken N.V. has successfully executed its EverGreen strategy, returning to balanced growth and investing in becoming the best digitally connected brewer, raising the bar on sustainability and responsibility, and evolving its capabilities and culture. The company's revenue for the full year was €36.0 billion, with net revenue (beia) per hectolitre up 3.5% and the underlying price-mix on a constant geographic basis up 4.1%. Operating profit (beia) margin increased by 40 bps to 15.1%, driven by strong growth in key markets and regions.

Heineken N.V. has also made significant progress on its sustainability impact, marking significant progress on its ambition to Brew a Better World. The company has achieved a 95% recycling rate for its plastic bottles and a 90% recycling rate for its cans. Additionally, Heineken N.V. has introduced new packaging innovations, such as the "Green Bottle" made from recycled plastic, which has been successfully launched in several markets. The company has also achieved a 97% responsible sourcing rate for its agricultural raw materials and a 30% reduction in water usage per hectoliter compared to 2010.

Heineken N.V. has committed to launching a two-year share buyback programme for up to circa €750 million and will participate pro rata to its shareholding in Heineken N.V.’s €1.5 billion share buyback programme. The company's full year 2025 outlook anticipates continued volume and revenue growth, with operating profit (beia) organic growth expected to be in the range of 4% to 8%.

Heineken N.V.'s strong financial performance and progress on sustainability initiatives demonstrate the company's commitment to long-term value creation and its ability to successfully execute its EverGreen strategy. The company's investment in digital transformation and technology has driven productivity and capital efficiency, enabling it to fund growth and deliver on its sustainability ambitions. As the company looks ahead to 2025, investors can expect continued growth and progress in both financial and sustainability metrics.