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Heineken doubled its profit in the first half of the year, but expects a weaker end of the year

The brewery’s net sales increased by 14.1 percent to 9.97 billion euros (254 billion crowns). Growth per hectolitre of beer then increased by 5.5 percent.

The increase in net profit is even 320.3 percent to 896 million crowns (22.83 billion crowns).

“Our operating profit has more than doubled due to revenue growth, continued cost reductions and structural cost savings,” said CEO Dolf van den Brink.

“On the other hand, there are reasons to be careful. First, the factor remains the covid that has the greatest impact on key markets in Asia and Africa. Secondly, we are seeing an increase in commodity prices, which at the current level of costs will start to affect us in the second half of the year and will have a significant impact in 2022, “he added, adding that this year’s financial results will be worse than in 2019.

Heineken’s shares on the Amsterdam Stock Exchange depreciated 0.22 percent to 97.98 euros each on Monday before 10 a.m. In the Czech Republic, the Heineken Group includes, for example, the Starobrno and Krušovice breweries.

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