By Emma Rumney
Seville, SPAIN -Dutch brewer Heineken said on Thursday it aims to deliver mid-single-digit organic net revenue growth each year until 2030, with profit growth ahead of that, as it laid out an updated strategic vision covering the next five years ahead of an investor event later in the day.
The world’s second-largest brewer by revenue said its sharpened “EverGreen 2030” strategy would help it navigate a rapidly changing world, which presents both challenges and opportunities.
“We are fundamentally transforming our business to stay ahead in an increasingly volatile geopolitical and economic landscape,” CEO Dolf van den Brink said in a statement ahead of the capital markets day in Seville, Spain.
The company said it would concentrate on growing its business in 17 markets, while compounding its leading or No.2 position in some 50 others, including via targeted acquisitions.
It would also expand its low- and no- alcohol offering to adapt to a world where drinkers are cutting back in some markets, target up to 500 million euros ($583.10 million) in annual gross savings and aim for over 90% free-cash conversion.
($1 = 0.8575 euros)
(Reporting by Emma Rumney; Editing by Sonali Paul and Muralikumar Anantharaman)
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