|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||75.96 - 76.82|
|52 Week Range||68.82 - 105.00|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||47.52|
|Earnings Date||Jul. 16, 2020|
|Forward Dividend & Yield||1.68 (2.19%)|
|Ex-Dividend Date||Apr. 27, 2020|
|1y Target Est||92.35|
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Heineken <HEIN.AS> saw a gradual recovery in its business after global COVID-19 lockdowns in April, but uncertainty over the future impact of the pandemic left it unable to give a forecast for the rest of the year. The world's second-largest brewer said it took a more cautious view than sector leader Anheuser-Busch InBev <ABI.BR>, which said it had been encouraged by the global recovery in beer demand in June. New Heineken Chief Executive Dolf van den Brink said business had improved to June, but this was partly due to restocking, particularly in territories such as Mexico, its largest market, where brewing was forced to halt in April and May.
The fall was driven by a 13.4% organic decline in total consolidated volume and a 3.6% drop in net revenue per hectolitre, the world second-largest brewer said, adding beer volume dropped 11.5% in the first-half of 2020. "After a low point in April, volume started to gradually recover into June as lockdowns were lifted around the world and customers restored depleted inventories," Heineken said, adding that beer volumes were most affected in the Americas, Africa, the Middle East and Eastern Europe. Heineken's Danish rival Carlsberg <CARLb.CO> said last week it had seen a smaller than forecast drop in first-half operating profit as its key Chinese market rebounded strongly during the second quarter.