Heineken: Volume Increase in Q1, But Inflation Threatens Consumption

Growth in Volumes and Revenue in the First Quarter

The first quarter saw growth in volumes and revenues, driven by global brands, premium brands, and key segments of the group. Priority markets particularly contributed to this progress. Heineken also integrated new employees from the acquisition of FIFCO's beverage and retail operations, a move aimed at strengthening its growth profile. Concurrently, the group optimized its geographic footprint by converting its operation in the Democratic Republic of the Congo into an asset-light model based on licensing.

Accelerating Execution of the Evergreen 2030 Strategy Amidst Volatility

The group is accelerating the execution of its Evergreen 2030 strategy in an environment that has become more volatile. Since the beginning of the year, global trade has become more complex, impacting energy availability and costs in certain markets. These factors generate inflationary pressures that could affect consumer sentiment in the medium term. In response, Heineken is executing with discipline by focusing its resources on priority markets and segments. The group's productivity agenda is making solid progress and remains on track to achieve the target of 500 million euros by 2026.

Maintaining Growth Outlook for 2026 Despite Challenges

Based on the current assessment, Heineken confirms its outlook for organic growth in operating profit between 2% and 6% for the full year 2026. This maintenance of guidance indicates that the group, despite inflationary challenges and market volatility, believes it has sufficient levers to meet its objectives through the acceleration of its strategic agenda and its focus on productivity.