Heineken First-Half Profit Rises as 3,000 Jobs Cut
- Heineken reported forecast-beating first-half profits, with organic operating profit rising 6.7% to 2.17 billion euros, achieved after cutting about 3,000 jobs globally this year.
- Former CEO Dolf van Brink initiated the restructuring in February to tackle weak industry beer demand, planning to slash up to 6,000 roles over two years representing up to 7% of the global workforce.
- Sales of Spanish lager Cruzcampo leaped more than 30% year-on-year, while Irish Murphy stout doubled in volume from increased sales in pubs and bars, driving strong European performance.
- Heineken appointed Rafael Oliveira in June to succeed van Brink, with investors now expecting Oliveira to boost sales volumes and catch up with rival Anheuser-Busch InBev on efficiencies.
- Chief Financial Officer Harold van Broek cited ongoing geopolitical uncertainty from the Iran war and European heatwaves as pressures likely to edge costs higher in 2027 despite current outlook.
32 Articles
32 Articles
The AEX index on the Amsterdam stock exchange ended slightly lower on Wednesday. Following the previous day's closing record, investors once again processed corporate earnings, including those of Heineken. The beer brewer finished among the winners in the main index.
Heineken announced this Wednesday an increase of 10.2% of its net profit in the first semester and the elimination of about 3,000 jobs as part of a restructuring plan. In a statement, the second world brewer, behind AB InBev, indicated that it had reduced its strength by about 3,000 people during the first semester, "which allowed significant progress in the planned organizational changes." The company announced in June the appointment of Brazil…
Heineken announced a 10.2% increase in its net profit during the first half of 2026 and confirmed the elimination of 3,000 jobs as part of a restructuring plan that plans to cut to 6,000 jobs in two years.
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