Raw materials costs hit Heineken profits


Rising commodities prices could cost Heineken an extra 100m Euros in 2007, the Dutch brewer has warned.

The company posted a 14% increase in first half operating profit fuelled by sales of its flagship brand but warned that it expects a mid-single-digit rise in raw materials costs next year, implying a 100m Euro increase on what it currently pays for raw materials and packaging.

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