Daily Brew Feb 15, 2023
Heineken sees 2023 profit increase despite Europe weakness
Heineken repeated its forecast of a profit increase this year despite weakness in Europe. It reported a higher-than-expected 2022 profit on the back of a recovery in beer drinking to pre-pandemic levels. The Dutch-based company, whose brands include Tiger and Sol, said operating profit would grow but at a slower mid- to high-single-digit percentage rate in 2023, reflecting continued cost savings, a challenging economy and lower consumer confidence in some markets.