Latest news with #HeinekenMalaysia
The Sun
07-05-2025
- Business
- The Sun
Heineken Malaysia delivers steady quarterly performance
PETALING JAYA: Heineken Malaysia Bhd delivered steady performance and sustained its momentum in a dynamic market landscape in the first quarter ended March 31, 2025 (Q1'25). In the first quarter, the group experienced a slight decline in revenue by 3% compared to the same quarter in 2024. The decrease is primarily influenced by the timing of Chinese New Year (CNY), with this year's festive period occurring in January, resulting in an earlier sell-in activity that took place in the fourth quarter of last year. Despite the slight decline in revenue in Q1'25, the group maintained steady profit before tax (PBT) of RM161 million and net profit of RM122 million, demonstrating strength and stability. Managing director Martijn van Keulen (pix) said, 'Our performance this quarter was impacted by an earlier CNY and post-festive demand normalisation. We are resilient in maintaining our profitability, and it reflects our disciplined cost management and focus on financial efficiency. As we build momentum for 2025, we will continue our growth journey through our EverGreen strategy. This strategy is anchored on driving superior growth with a cost-conscious mindset, catering to evolving consumer preferences, embedding sustainability into our operations, investing in becoming the best-connected brewer, and most importantly, unlocking the potential of our people.' On outlook, Martijn shared, 'As we move forward, we anticipate that consumer sentiment will be shaped by inflationary pressures and ongoing global economic uncertainties, particularly those arising from tariff-related issues and escalating geopolitical trade tensions, which could impact consumer confidence and spending patterns. Nevertheless, we will continue to navigate the dynamic landscape with agility, driving topline growth through targeted commercial initiatives while maintaining disciplined cost control and operational efficiency to sustain healthy margins. We will continue to future-proof the business, as we execute our EverGreen strategy in navigating the evolving external environment.' The board of directors does not recommend any dividend in respect of the quarter ended. In 2024, the group paid RM1.45 billion in taxes, representing 52% of its total revenue. The excise duty is one of the highest in the world. This highlights Heineken Malaysia's contribution to the economy and creating value for the country and its people. The group applauds the government's decision to maintain excise duties on beers in Budget 2025, as any hike in excise rates will drive greater demand for illicit alcohol. Heineken Malaysia regards illicit alcohol as a serious issue and remains committed to supporting the government in mitigating illicit trade through holistic efforts, including enforcement collaboration and raising greater awareness in the market.
The Star
06-05-2025
- Business
- The Star
Heineken Malaysia maintains stable profits in 1Q25
Heineken Malaysia managing director Martijn van Keulen. PETALING JAYA: Heineken Malaysia Bhd expects consumer sentiment to be impacted by inflationary pressures and ongoing global economic uncertainties. These uncertainties are driven by the newly introduced US tariffs and escalating US–China trade tensions, which may affect consumer confidence and spending behaviour. For the first quarter ended March 31, 2025 (1Q25), the brewery's net profit was marginally lower by 0.3% year-on-year (y-o-y) to RM122.2mil or earnings per share of 40.44 sen. Revenue in 1Q25 was down by 3% y-o-y to RM763.6mil, primarily influenced by the timing of Chinese New Year (CNY). The company said this year's festive period fell in January, resulting in an earlier sell-in activity that took place in 4Q24. In comparison, CNY in 2024 took place in February, driving a more concentrated sales period within 1Q24 as sales momentum spanned both January and February; while the festive boost in 1Q25 tapered off after January. The company added despite the low single-digit revenue decline, its profits remained stable and resilient, delivering a flat year-on-year performance in 1Q25. Particularly, effective cost management and improved financial efficiency, as reflected in lower interest expenses during the quarter improved its operating leverage. Heineken Malaysia managing director Martijn van Keulen said the group will continue to navigate the dynamic landscape with agility, driving topline growth through targeted commercial initiatives while maintaining disciplined cost control and operational efficiency to sustain healthy margins. 'We will continue to future-proof the business, as we execute our EverGreen strategy in navigating the evolving external environment. 'This strategy is anchored on driving superior growth with a cost-conscious mindset, catering to evolving consumer preferences, embedding sustainability into our operations, investing in becoming the best-connected brewer, and most importantly, unlocking the potential of our people,' he said. Further, the group said it appreciates the government's decision to maintain excise duties on beers in Budget 2025, as any hike in excise rates will drive greater demand for illicit alcohol. 'The group remains committed to supporting the government in mitigating illicit trade through holistic efforts, including enforcement collaboration and raising greater awareness in the market,' it said.
Hype Malaysia
05-05-2025
- Entertainment
- Hype Malaysia
Heineken® Refresh Is Back & Throwing A Free Party With Zedd At Genting Highlands!
What's not to love about a party in Malaysia's top festival destinations, and better yet, it's totally free! Heineken Refresh is a music event and campaign platform focusing on music discovery and a cross-genre experience. Aimed at bringing Malaysians a fresh music experience, they're bringing the heat to Resorts World Awana, Genting Highlands this June with the iconic German DJ Zedd as a headliner, with some of our local artists for one unforgettable night of music. Here's what we know: Anton Zaslavski, or famously known as Zedd, is a Grammy Award-winning DJ behind the global hit tracks such as 'Clarity', 'The Middle' and 'Stay The Night'. Playing globally with sold-out shows everywhere, you now have a chance to catch him live at Genting Highlands with your best mates for a night that you can't miss. To redeem their free tickets, head over to the official Heineken Instagram page and click the link in their bio. FYI, the event is open only to non-muslims and adults aged 21+. What are you waiting for? Grab your ticket now! Heineken Refresh At Resorts World Awana, Genting Highlands 2025 Date: 21st June 2025 (Saturday) 21st June 2025 (Saturday) Venue: Resorts World Awana, Genting Highlands Resorts World Awana, Genting Highlands Organiser: Heineken Malaysia Heineken Malaysia Ticket Prices: FREE FREE Ticket Sales: Tickets are available from the official Heineken page Redeem your free tickets now on the official Heineken page and don't miss out on this once-in-a-lifetime music experience brought to you by Heineken! Source: Instagram Alyssa Gabrielle contributed to this article
