Heineken beer sales dip, tariffs add to uncertainty

Heineken said tariffs were expanding uncertainty. Photo: Freek VAN DEN BERGH / ANP/AFP
Source: AFP

Heineken said Wednesday its brew income were down successful the archetypal 4th but kept nett forecasts for the twelvemonth unchanged contempt noting accrued uncertainty from tariffs.

Global brew volumes for the world's second-biggest brewer aft AB InBev came successful astatine 54.1 hectolitres successful the archetypal 3 months of the year, compared to 55.4 successful 2024.

The institution said "calendar" effects were to blame, notably a aboriginal Easter and the nonaccomplishment of an other selling time owed to 2024 being a leap year.

Heineken shares roseate much than 2 percent astatine the opening doorbell however, arsenic the diminution successful brew volumes was little steep than analysts had expected.

The brewer maintained its full-year outlook for a summation of betwixt 4 and 8 percent successful operating profits, its preferred metric.

"We expect ongoing macroeconomic volatility that whitethorn interaction our consumers, including anemic sentiment, planetary inflationary pressures, and currency devaluations successful narration to a stronger euro," the steadfast said.

"Additionally, determination are broader uncertainties, including caller tariff adjustments and imaginable increases, arsenic we spell forward," added Heineken.

Heineken nary longer publishes quarterly nett net figures, unveiling these lone successful half-year oregon full-year reports.

Its yearly study published successful February showed nett net down sharply, astatine 978 cardinal euros, compared to 2.3 cardinal euros successful the erstwhile year.

However, the institution explained this was owed to a one-off impairment from an concern successful China Resources Beer, whose stock terms tanked connected the Hong Kong banal exchange.

Source: AFP