Heineken NV (OTCPK:HINKF)
$ 101.54 3.37 (3.43%) Market Cap: 57.14 Bil Enterprise Value: 74.26 Bil PE Ratio: 23.01 PB Ratio: 2.64 GF Score: 83/100
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Heineken NV at Barclays Global Consumer Staples Conference Transcript

Sep 07, 2023 / 12:15PM GMT
Release Date Price: $94.8
Unidentified Analyst

Barclays Consumer Conference. Very happy to be here with Dolf van den Brink, CEO of Heineken. Thanks very much for joining us.

Rudolf Gijsbert Servaas van den Brink
Heineken N.V. - Chairman of the Executive Board & CEO

Thank you. Happy to be here. Good stuff.

Questions & Answers

Unidentified Analyst

So I wanted to kick off with the -- your sort of medium-term guidance and particularly the guidance that's going to be coming into play this year. It sort of moved around a bit over the past couple of years. It started off being a margin target at around 17%, and then that moved to mid- to high single digits, and now it's moved to 0 to mid-single digits EBIT growth. What changed? What were the main pieces of that change? And perhaps what have you learnt over that process?

Rudolf Gijsbert Servaas van den Brink
Heineken N.V. - Chairman of the Executive Board & CEO

Very good. Thank you. The original 70% margin, we set that in February '21 in the middle

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