Newscasts - Heineken trumpets 2030 plan but investors want results
03/11/2025 15:18
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_aj56w2n0&referenceId=tag:reuters.com,2025:newsml_RW899303112025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Heineken has pledged to bolster its revenue and cut costs, but investors in the world's No. 2 beer maker say tougher steps, including plant closures, may be needed to get its business up to speed. Ciara Lee reports. Short Link: https://lseg.group/47mcCuh Video Transcript: Heineken has pledged to boost its revenue and cut costs, but investors in the world's number two beermaker say tougher steps, including plant closures, may be needed. CEO Dolf van den Brink has led the $45 billion brewer for five years. Analysts argue his two key challenges are to deliver greater efficiency while reviving flagging volume growth. While all brewers have been struggling to sell more beer, the Dutch maker of Amstel and Tiger has frustrated some investors with volatile performance and also for trailing larger rival Anheuser-Busch InBev inefficiency. Heineken laid out an updated strategy at an investor event in October and said the response was positive. It's been a difficult few years for beer. Valuations across the sector fell after price increases prompted by steep rises in input costs hit volumes. That's as many drinkers have cut back on alcohol.