Newscasts - Heineken beats first quarter forecasts as tariff risks loom
16/04/2025 14:11
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_93xn7ss2&referenceId=tag:reuters.com,2025:newsml_RW709416042025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Heineken reported forecast-beating first-quarter sales on Wednesday and maintained its annual guidance but warned of ongoing volatility caused by uncertainty about the levels and scope of global tariffs. Ciara Lee reports. Short Link: https://refini.tv/3EjFSpV Video Transcript: Heineken reported forecast-beating first-quarter sales on Wednesday. But warned of ongoing volatility caused by uncertainty about the levels and scope of global tariffs. Some US tariff announcements have included targeting beer in cans. Shares in the world's second largest brewer by global volumes rose 2.8% in early trade. As investors welcomed another quarter of delivery. It comes after Heineken cheered investors with its 2024 performance in February. Some shareholders have in the past criticized Heineken for volatility in its results. But the brewer had already flagged a tougher start to 2025 due to factors, such as a late Easter. Its revenues and volumes both exceeded analysts' forecasts. Heineken said it sold more of its pricier labels, such as namesake brand Heineken. And saw strong growth in key markets like Vietnam, which has dragged on its performance in recent years. Heineken did warn that uncertainty around tariffs, as well as weak consumer sentiment, inflation, and currency changes presented risks ahead. But still expects between 4% and 8% profit growth in 2025.