Drinks

Heineken cautious of global headwinds, forecasts single digit growth in 2024

Full-year revenue grew by 5.5 per cent at the Dutch brewer last year, missing analysts exceptions

Heineken has been raising prices to keep revenue growing even as volumes decline. Picture: Getty Images

Heineken said it expects 2024 operating profit to grow in a range of low to high single digits as beer drinkers curtail their consumption amid persistent inflation and economic worries.

The company said Wednesday it remains cautious about the global economic and geopolitical outlook and its focus will be on revenue growth that’s balanced between volume and value.

Analysts expect the company to post organic revenue growth of 5.3 per cent on operating income of ...