Heineken to raise prices even further in 2023

Dutch brewery group Heineken is counting on new – even higher – price increases this year. The group says that especially in Europe, margins are under enormous pressure – even though its financial year 2022 ended with a whopping 31 % profit growth. Heineken’s analysis is almost literally the same as with Carlsberg’s earlier this month: prices will continue to rise for the time being. Heineken expects costs (especially ingredients and energy) to rise by a further 16 to 19 % per hectolitre during the year. As the beer producer buys its raw materials and energy a year in advance, the company will only really feel the energy prices of 2022 this year, CFO Harold van den Broek warns.