Heineken Lifts Profit Growth Target After Revenue Beats Expectations

By Michael Susin

Heineken lifted its profit growth target after a key revenue measure rose, beating expectations.

The Dutch brewer now expects adjusted net profit organic growth to be more closely in line with inorganic growth, rather than lower.

Heineken said adjusted net revenue in the first half of the year grew organically by 5.9% to 17.81 billion euros ($19.34 billion), beating market expectations of EUR15.19 billion.

Write to Michael Susin at [e-mail]

(END) Dow Jones Newswires

07-29-24 0156ET