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Pricing offsets costs for Heineken as 2023 sales stay firm – results data

Olly Wehring
Last updated: 14/02/2024 at 12:46 PM
By Olly Wehring
14 February 2024
3 Min Read

Heineken has retained its mid-single-digit rate of sales growth in the fourth quarter as price rises balanced “very high” input and energy cost inflation.


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Three months to end of December at +4.7% in sales - EUR7.78bn (US$8.36bn) Full-year sales rise 5.5% to EUR30.31bn12-month volumes decline 4.7% with brand Heineken at +2.5% The closing three months of the year brought in a 4.7% top-line increase, level with Q3's +4.5% showing. Subsequently, the full year finished up 5.5% with the group breaking the EUR30bn sales barrier for the first time. 'Asia Pacific' proved to be a blot on the quarterly copybook, with sales dropping by 8.6%. In its 12-month commentary, the brewer flagged the impact of the wider economic slowdown on Vietnam, where

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TAGGED:Heineken
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
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