Heineken reported a 5.2% decline in EPS to 4.67 euros for the past year, both organically and adjusted for exceptional items, despite a 1.7% increase in operating profit to 4.44 billion euros, giving a margin of 14.7%.

At 30.3 billion euros, the Dutch brewer's adjusted net revenues were up 5.5% organically, thanks to a 10.8% rise in revenue per hectoliter, which more than offset a 4.7% decline in beer volumes.

Heineken will propose a final dividend of 1.04 euros per share, bringing its 2023 total to 1.73 euros, in line with its previous level. For 2024, it is targeting organic growth 'from the low to the high single-digit range' in adjusted operating profit.

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