Heineken: Buyback And Emerging Markets Upside

  • Heineken delivered strong Q1 results, beating expectations with a 0.9% net revenue increase despite a 2.1% beer volume decrease, reaffirming its 2025 profit growth outlook. The company's strategy includes premiumization, cost savings, and limited US tariff impact, with a €1.5 billion buyback providing downside protection. Emerging markets like Vietnam, India, and Ethiopia show promising volume growth, supporting Heineken's market share and EBIT margin targets for 2025.