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.
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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