Shares in Heineken N.V. (EURONEXT:HEIA) rose 2.2% in early Amsterdam trading on Wednesday after the brewer reported stronger-than-expected first-quarter sales and reaffirmed its full-year outlook.
Despite a dip in beer volumes, both revenue and volume came in ahead of analysts’ forecasts, helping ease investor concerns about market volatility and geopolitical risks.
Organic beer volumes fell 2.1%, while organic net revenue rose 0.9%, beating estimates for declines of 2.9% and 0.6% respectively. Heineken reported stronger demand for premium labels and solid performance in key markets like Vietnam.
While maintaining guidance for 4% to 8% profit growth in 2025, the company warned of ongoing uncertainty from global tariffs, inflation, and currency fluctuations.
The Tremp administration’s trade policies, including proposed tariffs on canned beer, remain a source of concern despite recent pauses.