Heineken rises on Q4 beat, cost saving plans

Heineken NV

11/02/2026 08:33

** Shares in Heineken HEIN.AS rise nearly 5% after the world's No. 2 brewer by market value published FY and quarterly results above expectations, reassuring 2026 guidance

** Organic sales for Q4 rose 2.4%, beating company consensus expecting them flat year-on-year, and FY operating profit (beia) 4% above consensus at 4.39 billion euros ($5.23 billion)

** Co said it will cut up to 6,000 jobs, or 7% of its workforce as the Dutch brewer and its peers grapple with weak beer demand

** "We still appreciate Heineken for the sizeable self-help initiatives which should support organic earnings growth in the coming years," KBC says

** Heineken guides for 2026 operating profit growth guidance  of +2-6% (consensus +4.8%), which J.P. Morgan says is "in line with buy-side expectations in our view, with continued support from savings"

** Shares are on track for their best day since April 2025, and among the top performers of Europe's STOXX 600 .STOXX index

($1 = 0.8393 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.))