Heineken raises guidance despite first-half miss and impairment

Heineken raised its full-year profit guidance despite missing half-year estimates and incurring an €874 million impairment. The world's second-largest brewer reported a 12.5% rise in half-year operating profit. CEO Dolf van den Brink cited solid first-half performance and investment plans. New guidance predicts 4-8% organic profit growth for 2024, below analysts' 8.2% expectation.