Heineken beats forecasts in Q1, but wary on Iran war effects

Heineken reported a 2.8% rise in Q1 organic net revenue, surpassing analyst expectations of 2.3%. Volumes increased by 1.2%, contrary to forecasts of flat growth. However, the company warned that rising energy costs and inflation, exacerbated by the Iran war, could impact beer demand. Heineken is also facing challenges with a job cut plan of 6,000 positions and the search for a new CEO following Dolf van den Brink's resignation. The brewer maintains its full-year organic operating profit growth outlook of 2-6%.