Heineken Posts Strong First Half, Drops 2023 Margin Target
Heineken has 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 market expectation before Monday’s results was a margin of 16% next year, the same level as achieved in the first half of 2022
The brewer of Heineken, Europe’s top-selling lager, Tiger, Sol and Strongbow cider, said operating profit before one-offs rose by 24.6% to €2.16 billion, against the consensus of a 17% increase in a company-compiled poll.
Heineken previously set a target to raise its operating margin to 17% in 2023, but it cast doubts in February on achieving that due to increased economic uncertainty and sharply higher input costs.
The market expectation before Monday’s results was a margin of 16% next year, the same level as achieved in the first half of 2022.
Related news
Heineken quenches its thirst for data management with artificial intelligence
Heineken Simplifies Data Analytics for Employees with SAP AI Solution.…
Read more >Czech breweries brewed 20.9 million hectoliters of beer last year
Last year, Czech breweries brewed 20.9 million hectoliters of beer,…
Read more >International Home Brewers Competition on Saturday in Főzdepark
Free programs, brewery tours and the best homebrews from nine…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >