Heineken (NL.HEIA) sells more beer than expected as Europe reopens - 20 aprilie 2022

Heineken said it was benefiting from hedging positions taken in 2021 but faced rising costs, supply chain challenges and pressure from its decision to leave Russia. For all that, however, the company maintained its guidance of "stable to modest" improvement to its operating profit margin in 2022. 

Heineken had said in February that spiralling inflation could lead to lower beer consumption, casting doubt on its plan to raise its operating margin to 17% in 2023. The Dutch brewer said then that input costs would rise by a mid-teens percentage rate, with barley double its price of a year ago and aluminium up by about 50%. Energy and freight costs have also risen sharply.

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