Heineken Plans to Raise Beer Prices as Input, Energy Costs …

Heineken NV said it plans to raise beer prices where possible next year to offset surging costs for raw materials and energy, particularly in Europe. The world’s second-largest brewer expects a jump in input costs “in the high-teens per hectolitre” next year, along with “significantly higher energy costs, particularly in Europe,” according to a statement late Wednesday. Heineken said it plans to raise prices “responsibly as per local market conditions” to cover most of the increase in producer prices. Still, operating profit is likely to trail net revenue next year, the company said.