Heineken N.V.

Heineken is an international brewer and engaged in the production and distribution of beer brands in 178 countries. Co. is committed to the marketing and consumption of its more than 250 international premium, regional, local and specialty beers and ciders. These include Heineken®, Amstel, Anchor, Biere Larue, Bintang, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster's, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec. In addition, Co. is the cider maker with brands such as Strongbow® and Bulmer's®. Some of its wholesalers also distribute wine, spirits and soft drinks.
  • TickerHEIA
  • ISINNL0000009165
  • ExchangeEuronext Amsterdam
  • SectorBeverages
  • CountryNetherlands

Analysts

ING
Alyssa Gammoudy

Heineken/Superior top-line growth… what about margins?

Yesterday Heineken (HEIANA) organized the 14th ‘What's Brewing Seminar'; a commercial strategy update for investors presented by Chief Commercial Officer Jan Derck van Karnebeek. The theme for the year was ‘Superior top-line growth'. During this presentation Heineken gave the investor community an update on consumer trends, its current positioning and what the market expectations are over the coming period.

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Crédit Agricole, BPCE, Heineken, Carrefour and Telecom Italia

Crédit Agricole reports solid 3Q19 numbers, NPS issuance to continue, value in the preferred senior debt

Nikolaas Faes

HEINEKEN: Model maintenance | NEUTRAL | EUR100(+6%)

HEINEKEN - NEUTRAL | EUR100(+6%) Model maintenance Lowering 2019 organic growth EBIT to 4% (from 6%)

Heineken NV

Heineken NV

Heineken N.V. - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's announces completion of a periodic review of ratings of Heineken N.V.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Heineken N.V. Global Credit Research- 23 Jul 2019. Milan, July 23, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Heineken N.V. and other ratings that are associated with the same analytical unit.

Heineken N.V.: Update following rating affirmation at Baa1

Our credit view of Heineken, reflecting its strong business profile as the second-largest brewer globally and strong cash flow, offset by its relatively high leverage.

Moody's affirms Heineken's Baa1/P-2 ratings; stable outlook

Rating Action: Moody's affirms Heineken's Baa1/P-2 ratings; stable outlook. Global Credit Research- 28 Jun 2019. Milan, June 28, 2019-- Moody's Investors Service has today affirmed Heineken N.V.' s Baa1 long-term issuer rating, Baa1 senior unsecured rating, Baa1 senior unsecured MTN programme rating and Prime-2 short-term issuer rating.

Heineken N.V.: Key Facts and Statistics - FYE December 2018

A summary company profile, detailing Heineken N.V.’s business operations and financial highlights.

Nikolaas Faes

HEINEKEN: Model maintenance | NEUTRAL | EUR100(+6%)

HEINEKEN - NEUTRAL | EUR100(+6%) Model maintenance Lowering 2019 organic growth EBIT to 4% (from 6%)

Heineken NV

Heineken NV

ING
ING Helpdesk

Benelux Morning Notes

Agfa-Gevaert: Sale process well underway. AkzoNobel: 3Q19 REBIT in line due to one-off, €500m buyback announced. Barco: Increased FY19 EBITDA margin guidance. Brunel: profit warning FY19; double trouble. Heineken: All to play for. Melexis: Inventory correction bottomed out. Orange Belgium: Reassuring 3Q19, guidance confirmed.

Bart Cuypers ...
  • Guy Sips
  • Jan Opdecam
  • Joachim Vansanten
  • Marcel Achterberg
  • Ruben Devos
  • Wim Hoste

Morning Note: AGFB BB, AKZA NA, BAR BB, BRNL NA, FFARM NA, HEIO NA, HEIA NA, MELE BB, OBEL BB, WDP BB

Agfa: First-round bids are open according to Reuters Akzo Nobel: 3Q broadly in line with CSS but helped by ‘Others’ Barco: 3Q19 top-line in line despite weaker Control Rooms Brunel International: Profit warning: hit across the board ForFarmers: Missed opportunity Heineken: Volume +2.3%, outlook slightly more conservative Heineken Holding: 3Q19 Trading Update Melexis: Mixed 3Q19 and outlook, Positive on destocking Orange Belgium: Q3 results beat expectations despite headwinds WDP: 3Q19 trading update in line with estimates

1 director sold

A director at Heineken N.V. sold 20,000 shares at 99.290EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard
  • Martial Descoutures
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/14/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard
  • Martial Descoutures
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/02/2019

...

Olivier Lebrun

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/04/2018

...

Olivier Lebrun

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/10/2018

...

Heineken NV

Heineken NV

HEINEKEN NV increases its risk exposure and slightly lowers to Neutral

HEINEKEN NV (NL), a company active in the Brewers industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date July 12, 2019, the closing price was EUR 99.32 and its expected value was estimated at EUR 97.91.

Heineken NV

Heineken NV

ING
Alyssa Gammoudy

Heineken/Superior top-line growth… what about margins?

Yesterday Heineken (HEIANA) organized the 14th ‘What's Brewing Seminar'; a commercial strategy update for investors presented by Chief Commercial Officer Jan Derck van Karnebeek. The theme for the year was ‘Superior top-line growth'. During this presentation Heineken gave the investor community an update on consumer trends, its current positioning and what the market expectations are over the coming period.

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Crédit Agricole, BPCE, Heineken, Carrefour and Telecom Italia

Crédit Agricole reports solid 3Q19 numbers, NPS issuance to continue, value in the preferred senior debt

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Heineken, Coca-Cola, Deutsche Bank, CS, Van Lanschot Kempen, Verizon, Akzo and Enagas

Heineken (HEIANA) grew its beer volumes by +4.3% on an organic basis in 1Q19, set against Bloomberg consensus of +3.3% and the 1Q18 comp of +4.3%. Heineken kept its outlook for FY19 and continues to expect mid-single digit organic growth in operating profit (beia). The company sees a higher positive impact from currencies on operating profit to the tune of €80m, up from €50m. We view today's update as broadly neutral for spreads. (For full stories, download report)

ING
Hendrik Wiersma ...
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Benelux Credit Digest/Issuer Profiles

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Marcel Klok
  • Nadège Tillier
  • Philippe Ledent

BNLX + /European and BeNeLux credit value mapping

Strategy and Supply . Retracement of 2018 sell-off almost complete . Supply surprisingly robust on the back of US issuers . BeNeLux supply dominated by ABIBB $ trade . We like the 2022-25 part of the curve, selective BBB exposure advised . TLTRO announcement increases the long odds of CSPP2

MarketLine Department

Molson Coors Brewing Company - Strategy, SWOT and Corporate Finance Report

Summary Molson Coors Brewing Company - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Molson Coors Brewing Company (Molson Coors or the company) manufactures, markets and sells beer and other malt beverages through its subsidiaries. The company offers its products under a diverse portfolio of owned and partner brands, including Carling, Coors Light, Miller Lite, M...

MarketLine Department

San Miguel Corp - Strategy, SWOT and Corporate Finance Report

Summary San Miguel Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights San Miguel Corporation (SMC) is a diversified company, involved in food and beverages, packaging, fuel and oil, power, and infrastructure businesses. The company’s product portfolio includes beer, hard liquor, processed meats, butter, margarine and cheese, ice cream and hot dogs. SMC also off...

MarketLine Department

Diageo plc - Strategy, SWOT and Corporate Finance Report

Summary Diageo plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Diageo plc (Diageo or 'the company') produces and distributes a large collection of branded premium wine, beer and spirits. It markets a wide range of product portfolio including brandy, vodka, scotch, rum, whiskey,gin, tequila, and ready-to-drink (RTD) alcoholic beverages under various brands suc...

MarketLine Department

Sapporo Holdings Ltd. - Strategy, SWOT and Corporate Finance Report

Summary Sapporo Holdings Ltd. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Sapporo Holdings Ltd. (Sapporo or "the company") is a manufacturer and marketer of soft drinks, alcoholic beverages and food products. The company also operates restaurants, real estate and logistics business. Sapporo offers various alcoholic and non-alcoholic beverages, including beer,...

MarketLine Department

Anheuser-Busch InBev SA/NV - Strategy, SWOT and Corporate Finance Report

Summary Anheuser-Busch InBev SA/NV - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Anheuser-Busch InBev NV/SA (AB InBev or 'the company') is a brewery company. The company produces, distributes, and sells soft drinks and alcoholic beverages across the world. The company’s product portfolio comprises malt beverages, rum, beer and soft drinks. It markets its produc...

Expert Corporate Governance Service (ECGS)

Heineken NV - AGM 25 April 2019

In general, Heineken is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. ECGS recommends to vote FOR all proposals. There are no further peculiarities.

Matthieu DRIOL

Short term view - HEINEKEN : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €82.42. The next target is at €76.60, then €75.31. Passing €82.42 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - HEINEKEN : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 82,42 € prochainement. Le prochain objectif est à 76,60 €, puis 75,31 €. Le franchissement de 82,42 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - HEINEKEN : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 76,60 €. La tendance de fond serait remise en cause en cas de franchissement de 82,42 €.

Matthieu DRIOL

Short term view - HEINEKEN : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €76.60. The background trend would be questioned should prices rise above €82.42.

Matthieu DRIOL

Analyse moyen terme - HEINEKEN : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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