Heineken

Heineken gained about 2.8% after better‑than‑expected half‑year results. The CFO put cost inflation caused by the war in Iran at around €100m. Organic EBITDA growth of 6.4% was driven mainly by Asia‑Pacific and Africa & Middle East and beat the 3.3% consensus. J.P. Morgan called the results strong but sees short‑term pressure on the stock due to the June rally, the CEO announcement and another disappointing business performance in Europe. » More on de.investing.com

Heineken reports organic net revenue growth of 2.7% to €14.8bn for H1 2026, an organic operating profit of €2.2bn (+6.7%) and currency‑adjusted diluted earnings per share of €2.29 (+11.6%). Free operating cash flow rose to €1.4bn from €257m a year earlier, and the operating margin improved by 55 basis points to 14.6%. Asia‑Pacific and Africa & Middle East saw strong growth, while the Americas region was weaker. Management confirmed the full‑year guidance for operating profit of +2% to +6% and remains cautious about the second half. » More on de.investing.com

Rafael Oliveira, formerly at JDE Peet's, will take over leadership of Heineken on Oct. 1 and will replace Dolf van den Brink. The move ends a months-long leadership vacuum and follows pressure from shareholders who demanded an external executive. Oliveira is regarded as a forceful, cost- and return-focused manager, which is intended to drive Heineken’s implementation programs amid falling beer demand, high costs and announced job cuts. » More on faz.net