Heineken's shares surge 12% following strong 2024 profits and a big share buyback plan.

Heineken's shares rose 12% after reporting better-than-expected 2024 profits, with an 8.3% increase in operating profit and a 5% growth in net revenues. The company also announced a €1.5 billion share buyback plan and expects operating profit growth of 4-8% in 2025. Sales of its non-alcoholic beer grew 10%, particularly in the US and Brazil. Despite a slight dip in overall turnover, CEO Dolf van den Brink expects continued volume and revenue growth.

6 weeks ago
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