Heineken Posts Strong First Half, Shelves 2023 Margin Target
KONTAN.CO.ID - BRUSSELS. Heineken NV on Monday posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures. But the world's second-largest brewer shelved its margin target for 2023 as costs spiked.
The brewer of Heineken, Europe's top-selling lager, as well as Tiger, Sol and Strongbow cider, sold more beer than expected, with expansion in all regions and revenue and profit above market consensus.
