Stock Market News

Heineken beats expectations in H1, drops 2023 margin target

2022.08.01 08:22

Heineken beats expectations in H1, drops 2023 margin target
FILE PHOTO: Heineken beer bottles are seen at a bar in Monterrey, Mexico June 20, 2017. REUTERS/Daniel Becerril/

BRUSSELS (Reuters) – Heineken (OTC:HEINY) NV, the world’s second-largest brewer, posted higher-than-expected first-half earnings on Monday as consumers bought more beer despite inflationary pressures, but the company dropped its margin target for 2023 due to higher costs.

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 euros ($2.21 billion), against the consensus of a 17.0% increase in a company-compiled poll.

($1 = 0.9783 euros)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 82,520.11 1.77%
ethereum
Ethereum (ETH) $ 1,921.62 0.41%
tether
Tether (USDT) $ 0.999956 0.02%
xrp
XRP (XRP) $ 2.29 2.26%
bnb
BNB (BNB) $ 629.77 0.47%
solana
Solana (SOL) $ 125.32 2.58%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.701771 2.41%
dogecoin
Dogecoin (DOGE) $ 0.168234 3.22%
tron
TRON (TRX) $ 0.236121 7.06%
staked-ether
Lido Staked Ether (STETH) $ 1,919.61 0.44%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,354.06 1.76%
leo-token
LEO Token (LEO) $ 9.77 0.27%
the-open-network
Toncoin (TON) $ 3.56 2.58%
chainlink
Chainlink (LINK) $ 13.78 2.02%
usds
USDS (USDS) $ 1.00 0.03%
stellar
Stellar (XLM) $ 0.272783 0.25%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,295.89 1.00%
hedera-hashgraph
Hedera (HBAR) $ 0.187278 2.05%
pi-network
Pi Network (PI) $ 1.13 15.76%
avalanche-2
Avalanche (AVAX) $ 18.86 0.27%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 3.32%
sui
Sui (SUI) $ 2.28 3.59%
mantra-dao
MANTRA (OM) $ 6.95 0.48%
polkadot
Polkadot (DOT) $ 4.47 1.94%
litecoin
Litecoin (LTC) $ 89.69 3.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 336.23 0.09%
bitget-token
Bitget Token (BGB) $ 4.64 4.14%
ethena-usde
Ethena USDe (USDE) $ 0.999993 0.02%
weth
WETH (WETH) $ 1,922.31 0.47%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.06%
hyperliquid
Hyperliquid (HYPE) $ 13.90 4.46%
whitebit
WhiteBIT Coin (WBT) $ 28.14 1.15%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,038.21 0.60%
monero
Monero (XMR) $ 208.23 1.82%
uniswap
Uniswap (UNI) $ 6.33 0.41%
susds
sUSDS (SUSDS) $ 1.04 0.09%
aptos
Aptos (APT) $ 5.40 0.62%
dai
Dai (DAI) $ 0.999971 0.04%
okb
OKB (OKB) $ 51.99 2.85%
near
NEAR Protocol (NEAR) $ 2.57 2.78%
pepe
Pepe (PEPE) $ 0.000007 4.75%
internet-computer
Internet Computer (ICP) $ 5.82 2.08%
mantle
Mantle (MNT) $ 0.808762 0.88%
gatechain-token
Gate (GT) $ 21.90 0.20%
ethereum-classic
Ethereum Classic (ETC) $ 17.61 1.64%
ondo-finance
Ondo (ONDO) $ 0.835483 3.29%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.89 2.23%
aave
Aave (AAVE) $ 169.15 3.40%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,525.11 1.78%