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Heineken shares fall 7% after first-half profit miss

Pelican Press

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Heineken shares fall 7% after first-half profit miss

In this photo illustration, bottles of Heineken ***** are displayed on July 31, 2023 in San Anselmo, California. 

Justin Sullivan | Getty Images

Heineken shares opened nearly 7% lower on Monday, after the brewing giant’s first-half profit growth came in weaker than analysts had expected.

The company’s stock was trading down 6.9% at 8:23 a.m. London time.

Operating profit showed organic growth of 12.5%, below a company-compiled consensus forecast of 13.2%.

***** sales, which were expected to grow at 3.4%, rose by just 2.1%.

This breaking news story will be updated shortly.



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