Heineken: share buybacks with 2024 results

(CercleFinance.com) - Heineken shares are bubbling today, up 11% in Amsterdam after announcing, alongside its annual results, a two-year share buyback program worth E1.
5bn, in which its majority shareholder Heineken Holding will participate pro rata to its stake.

By 2024, we have significantly deleveraged, finishing well within our target capital structure, supported by strong operating free cash flow in excess of E3bn, the Dutch brewer said.

On an adjusted basis, Heineken announces 2024 EPS of E4.89, up 4.7% organically, with an operating margin that improved 40bp to 15.1% on revenues of E36.1bn, up 5% organically.

Saying that it is well positioned to further increase its investment in marketing and sales, as well as its EverGreen priorities in 2025, it forecasts 4% to 8% organic growth of in adjusted operating profit this year (albeit below the 8.3% in 2024).


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