Heineken achieved strong volume growth in the first quarter

By: Trademagazin Date: 2024. 04. 24. 12:24

Heineken, the world’s second largest beer producer, achieved a 4.7% increase in organic beer volume in the first quarter, significantly exceeding analysts’ expectations. The year-on-year volume growth is an encouraging sign for the company, which has faced challenges in the past year due to the global economic environment and rising commodity prices.

The first quarter results suggest that the company managed to exceed previous analyst forecasts. Heineken’s organic beer growth of 4.7% in the January-March period exceeded the previously expected 2.5% increase, which resulted in a rise in the company’s shares. According to Dolf van den Brink, CEO of Heineken, the earlier Easter and other seasonal factors contributed to the positive results. All regions experienced volume growth, which led to higher net sales.

At the same time, the company cautions about the future, as the economic environment remains uncertain. The effect of price increases trying to offset the increase in energy and barley costs may also affect volume growth.