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Heineken reports jump in sales and says prices will rise further

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Heineken has reported better than expected profits after putting up the amount it charges for its drinks by an average of 8.9% – and has said prices will continue to rise in the year ahead.The Dutch brewer, whose eponymous beer is Europe’s bestselling lager, recorded a 37% jump in revenue to €16.4bn (£13.7bn) in the six months to July.It said that despite the rising prices it was selling more beer than before the pandemic, and it also benefited from customers switching to more expensive products.

Thanks to favourable trading conditions as consumers flocked back to bars and restaurants, the volume of drinks sold was up 0.8% compared with the same period in 2019.

Read more on theguardian.com
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