Heineken leads European brewers’ shares rally as profits beat forecasts
- Heineken reported an 8.3% increase in annual organic operating profit, exceeding forecasts of 5.3% and its own expectations of up to 8%.
- The company announced a €1.5 billion share buyback program over two years, which boosted investor confidence according to CEO Dolf van den Brink.
- Analysts predict Heineken's operating profit will grow between 4% and 8% in 2025, while the company expects annual growth of 5.8% on average.
- CEO Dolf van den Brink stated that the solid results were due to broad-based growth and continued investments.
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Total News Sources15
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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