Heineken's New CEO Says Company Has Work to Do to Capture Growth
Rafael Oliveira says Heineken must sharpen execution, even as third-quarter volumes rose nearly 5% and beat analysts' forecasts.
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what happened
Heineken's new chief executive, Rafael Oliveira, who took over the world's second-largest brewer this month, said the company still has much to do to capture growth. According to Update, sales volumes rose nearly 5% year on year in the three months through September, beating analyst expectations, and the company remains confident in its earnings outlook for this year.
Revenue reached 8.09 billion euros ($9 billion), up 4.6% from a year earlier. Premium label volumes climbed 11.5%, while low- and no-alcohol volumes also grew by double digits. Asia Pacific volumes jumped 17%, against more modest growth in the Americas and Europe.
why it matters
RBC Capital Markets analyst James Edwardes Jones called the quarter a good one, while Jefferies saw deep change under way. Still, a subdued consumer environment clouds longer-term growth prospects. Heineken shares have risen about 10% so far this year, a recovery analysts link partly to Oliveira's appointment.
market impact
Heineken shares: strong volumes and new leadership support the stock, while weak European demand is a drag
- Heineken shares pressure up — volumes beat forecasts and the new leadership is well received by analysts
tags
instruments
sources
- Brewer Heineken Has Work to Do to Capture Growth, New Boss Says — Update, 28 October 2026 at 07:27 UTC
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