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Heineken Holding (HEIO) investor relations material
Heineken Holding Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 total volume grew 4.8% and organic net revenue (BEIA) rose 4.6%, with growth across all four regions.
Premium volume grew 11.5%; global brand volume increased 9.9%, outpacing the total portfolio.
Financial highlights
Q3 revenue was €9.6bn, up 9.7% reported; net revenue (BEIA) was €8.090bn, up 4.6% organically to €8.1bn.
Q3 organic net revenue rose €336m: €286m from consolidated volume and €50m from price mix.
Q3 currency translation added €241m to net revenue and consolidation changes added €182m, particularly from Costa Rica integration.
YTD revenue was €27.1bn, up 5.8% reported; net revenue (BEIA) was €22.923bn, up 3.4% organically.
Outlook and guidance
FY 2026 organic operating profit growth guidance remains 2%–6%; other guidance metrics are unchanged.
Based on 27 October spot rates, estimated FY translational impact is +€410m net revenue, +€40m consolidated operating profit and +€30m net profit.
Consumer conditions are broadly unchanged across most markets; disciplined execution and productivity-funded investment remain priorities.
Higher energy and transport costs are expected to persist through 2026 and into 2027; a full commodity-cost outlook is due with FY results.
- Rafael Oliveira was appointed CEO with 99.84% approval after detailed discussion on selection and compensation.HEIO
EGM 2026 - H1 2026 saw strong profit, volume, and cash growth, led by premium and innovation segments.HEIO
Q2 2026 - All proposals passed with strong support, confirming dividends, buybacks, and board changes.HEIO
AGM 2026 - Premium brands and emerging markets drive Q1 growth; outlook for profit growth maintained.HEIO
Q1 2026 TU - Profit and revenue rose on premiumization and productivity, with 2026 targeting 2%-6% profit growth.HEIO
H2 2025 - Q3 2025 saw revenue and beer volume declines, but licensed brands and Heineken® Silver excelled.HEIO
Q3 2025 TU - Premiumization and balanced growth drive Q3 results; guidance maintained despite FX headwinds.HEIO
Q3 2024 TU - 6% organic revenue and 12.5% profit growth, but major impairments led to a reported net loss.HEIO
H1 2024 - Premiumization and agile risk management drive resilient organic growth amid volume decline.HEIO
Q1 2025 TU
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