Heineken: adjusted EPS down 5% in 2023

(CercleFinance.com) - Heineken has reported a 5.
2% decline in EPS to E4.67 for the past year, both organically and adjusted for exceptional items, despite a 1.7% increase in operating profit to E4.44bn, giving a margin of 14.7%.

At E30.3bn, the Dutch brewer's adjusted net revenues rose 5.5% organically, thanks to a 10.8% rise in revenue per hectoliter, which more than offset a 4.7% decline in beer volumes.

Heineken will propose a final dividend of E1.04 per share, bringing its 2023 total to E1.73, in line with its previous level. For 2024, it is targeting "low- to high-single-digit operating profit (beia) organic growth" in adjusted operating profit.


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