Heineken’s earnings soared in 2024, bumping its shares and competitors' shares as premium and nonalcoholic beers held supreme.
The Dutch brewer, which makes Amstel, Sol, and Birra Moretti beers, reported an 8.3% increase in operating profits to €3.5 billion, surpassing analyst estimates of 5.3%. Although beer volumes grew by just 1.6% year over year, the nonalcoholic Heineken 0.0 drinks grew 10%.
