Heineken up after it reports 'better-than-feared' Q1, sticks to outlook

Royal Unibrew A/S

16/04/2025 08:21

** Shares in Heineken HEIN.AS are up 2.5% after it posted better-than-expected Q1 organic revenue growth and reiterated its 2025 targets

** The world's No.2 brewer reported a 0.9% increase in first-quarter organic net revenues, exceeding analysts' expectations for a slight decline

** The company confirmed its 2025 guidance despite an escalation in global trade tensions sparked by U.S. tariffs

** "We would expect the shares to be up given the better-than-feared Q1 and our expectations of a volume bounce back to positive in Q2," J.P. Morgan says

** The broker also points to a volume beat in all regions apart from Europe, which was hit by price negotiations with retailers

** Peers Carlsberg CARLb.CO, Royal Unibrew RBREW.CO and AB Inbev ABI.BR rise between around 1% and 2%

 (Reporting by Federica Mileo)

 ((Federica.mileo@thomsonreuters.com))