Heineken Forecasts Single Digit Operating Profit Growth in 2024 [BNN Bloomberg (Canada)]
CARLSBERG AS SP/ADR REP B (CABGY)
NASDAQ:AMEX Investor Relations:
carlsberggroup.com/investor-relations/shares
Company Research
Source: BNN Bloomberg
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% on operating income of €4.9 billion ($5.3 billion) in 2024, according to consensus estimates compiled by Bloomberg. “For 2024, we expect the macroeconomic environment and geopolitical developments to remain a factor of uncertainty that may impact our business,” the company said. Lower commodity and energy prices will help limit the cost increases, though any benefit will be more than offset by local inflation and currency devaluations, particularly in Africa, it said in a statement. The Dutch brewer has been raising prices to keep revenue growing even as volumes decline. The world's second-largest brewer, best known for its premium namesake brand, has been grappling with dismal conditions in the key beer markets of Vietnam and Nigeri
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