Heineken Sees Further Pricing Hikes to Curb Inflation Impact, Energy Prices
30 Novembro 2022 - 3:00PM
Dow Jones News
By Michael Susin
Heineken NV said Wednesday that it will push pricing up further
in 2023 as it aims to cover the impact of inflation energy-price
hikes in Europe.
The Dutch brewer said it expects continue to adjust prices to
curb inflation in its cost base as it expects input costs to
increase in the high-teens per hectoliter and significantly higher
energy costs.
Despite the increase, the company backed both 2022 and 2023
guidance.
For the current year, Heineken expects adjusted operating
profit--the company's preferred metric, which strips out
exceptional and other one-off items--margin to be
stable-to-slightly higher than last year, while adjusted operating
profit is forecast to be well ahead of 2019, it said.
"This outlook is based on continued progress on EverGreen, in
the context of a more challenging global economic environment and
lower consumer confidence in developed markets," Heineken said.
Adjusted operating profit for 2023 is guided to grow organically
in the mid- to high-single-digits, while net revenue--which
excludes excise tax expenses--will grow organically ahead of
operating profit.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
November 30, 2022 12:45 ET (17:45 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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