Heineken sales have been boosted by the reopening of hospitality (Doug Peters/PA)Heineken has become the latest drinks giant to post soaring sales amid the reopening of pubs and bars following pandemic lockdown measures. It highlighted that it expects significant volatility in some regions during the rest of the year as restrictions continue to impact performance. Heineken also said it expects “headwinds in input costs” in the second half of the year and will “be assertive on pricing” and look at cost management to address this. Nevertheless, it said margin pressure is likely to “intensify” in the second half of the year and the start of 2022. “Secondly, we see a rise in commodity costs, which, at current levels, will start affecting us in the second half of this year and have a material effect in 2022.”

Source: Irish Independent August 02, 2021 11:26 UTC