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

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

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

1 director sold

A director at Heineken N.V. sold 20,000 shares at 95.120EUR and the significance rating of the trade was 69/100. 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 ...

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

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

Heineken N.V. - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Heineken N.V.: Acquisition of a stake in CR Beer will delay deleveraging, a credit negative

Heineken's €1.9 billion cash payment for the acquisition will delay its deleveraging from the currently high levels, despite benefits from an industrial standpoint

Heineken N.V.: Annual update after 2017 full year results and Q1 18 trading statement

Credit metrics to improve marginally driven by positive organic growth and M&A moderation

Heineken N.V.: Key Facts and Statistics - FY December 2017

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

Philip Gorham

Morningstar | Heineken Again Sets the Bar High in 1Q; Shares Fully Priced

Heineken is tracking ahead of our volume estimates for this year in every geographical segment except the Americas after a strong first-quarter trading update. We believe the firm increased volume at a rate above the market, in line with our narrow moat and positive moat trend ratings, which reflect Heineken's strengthening cost advantage over smaller competitors as its premium portfolio drives share gains over time. At this early stage in the year, however, we are maintaining our forecasts and reiterating our EUR 88 fair value estimate. Although we are impressed by Heineken's recent performan...

Philip Gorham

Heineken Again Sets the Bar High in 1Q; Shares Fully Priced

Heineken is tracking ahead of our volume estimates for this year in every geographical segment except the Americas after a strong first-quarter trading update. We believe the firm increased volume at a rate above the market, in line with our narrow moat and positive moat trend ratings, which reflect Heineken's strengthening cost advantage over smaller competitors as its premium portfolio drives share gains over time. At this early stage in the year, however, we are maintaining our forecasts and ...

Nikolaas Faes

HEINEKEN: Great start of the year | BUY | EUR100(+5%)

HEINEKEN - BUY | EUR100(+5%) Great start of the year Q1 organic volume +4.3% Strong performance across the board

ING
Research Department

Benelux Morning Notes

AkzoNobel: Big miss in a small quarter. GBL: Sale of remaining shareholding in Total. GrandVision: 1Q19 preview - able to meet expectations. Heineken: If anyone can, Heineken can. Orange Belgium: Small EBITDA miss on higher MVNO impact, B2B mobile client loss. Randstad: strong quality beat on 1Q19; upside to consensus. Van Lanschot Kempen: AUM levels helped by markets but modest net outflow recorded. WDP: Keeps new projects at attractive yields.

Alan Vandenberghe ...
  • Alexander Makar
  • Bart Cuypers
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABN NA, AED BB, AKZA NA, BFIT NA, GLPG NA, HEIO NA, HEIA NA, MDXH BB, MELE BB, OBEL BB, OXUR BB, RAND NA, WDP BB

ABN Amro: M&A: Degroof Petercam in Belgium is good fit Aedifica: Up to € 418m cap increase in 1-for-3 rights offering Akzo Nobel: 1Q adj. operating income +9%, below consensus Basic-Fit: Acquiring Fitland in the Netherlands Galapagos: MOR106 into ph2 for dermatitis Heineken: Solid 1Q organic beer volume growth (+4.3%) Heineken Holding: Steady 1Q beer volume growth (+4.3%) MDxHealth: No improvement on the horizon Melexis: Feedback conference call Orange Belgium: Retail service revenue growth accelerates Oxurion: THR-149 phase I fully recruited, results early 3Q19 Randstad: Strong 1Q19 results W...

1 director sold

A director at Heineken N.V. sold 20,000 shares at 95.120EUR and the significance rating of the trade was 69/100. 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 reduced its risk exposure resulting in an upgrade to Slightly Positive

HEINEKEN NV (NL), a company active in the Brewers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 22, 2019, the closing price was EUR 92.74 and its potential was estimated at EUR 97.38.

Heineken NV

Heineken NV

Heineken NV

Heineken NV

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

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

Coffee, Croissants & Credit/Heineken, Santander, ABN, Akzo and Naturgy

Heineken (HEIANA) reported solid FY18 numbers this morning, with net revenue up 6.1% organically to €22,471m compared to the restated FY17 figure. Consensus was for organic net revenue growth of 5.5%. Net revenue grew 4% on a reported basis. Consolidated beer volumes increased 4.2%, beating the company-compiled estimate of 4%. For 2019 Heineken expects superior top line growth despite continued volatility in economic conditions. With the expectation of higher input and logistic costs, operating profit (beia) is seen to grow by mid-single digits. Capex is expected to grow slightly to €2bn from ...

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

Coffee, Croissants & Credit/KPN, Verizon, Telia, Telenor, Deutsche Bank, Barclays, Nordea, Intesa Sanpaolo, Heineken, Fortum and Iberdrola

TMT: • KPN (KPN) reported satisfactory 3Q18 results this morning. We view KPN's bonds as fairly valued versus Telefónica, with the exception of the longer dated KPN0.625 4/25 and KPN1.125 9/28 which we deem as expensive. (For full story, please download report). • Verizon (VZ) released a strong set of 3Q18 results yesterday before the opening bell of the US market. We view Verizon's €-bonds as fairly valued as they now trade inside Vodafone and offer a pick up versus Orange, most notable from the seven year area onwards. • S&P has downgraded Telia (TELIAS) to BBB+, from A-/CreditWatch negati...

MarketLine Department

Asahi Group Holdings Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Asahi Group Holdings Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Asahi Group Holdings Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive a...

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Diageo plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Diageo plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Diageo plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

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San Miguel Corp - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's San Miguel Corp Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by San Miguel Corp since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

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Adnams plc - Strategy, SWOT and Corporate Finance Report

Summary Adnams 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. Key Highlights Adnams plc (Adnams) is a brewer, distiller, and seller of alcoholic beverages and an operator of pubs and inns in the UK. Its portfolio of products include beer, wines, vodka, gin, whisky and other spirits. The company brews, distills and markets its beer under various brands like Ghost Ship, Sol...

MarketLine Department

Harboes Bryggeri A/S - Strategy, SWOT and Corporate Finance Report

Summary Harboes Bryggeri A/S - 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. Key Highlights Harboes Bryggeri A/S (Harboes) is a producer and marketer of alcoholic and non-alcoholic beverages. The company's product portfolio includes beers, soft drinks, packaged water, juices, ciders, syrups, energy drinks and malt beverages. Harboes markets its products under various brands su...

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

Medium term view - HEINEKEN : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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