Company bosses said inflation-driven price rises were tapering off after its own cost pressures eased.
The maker of Heineken saw total revenues increase by 2% for the third quarter of 2023 to 9.6 billion euros
However, bosses at the business said inflation-driven price increases are tapering off after its own cost pressures eased. This was primarily buoyed by higher pricing after beer volumes dropped by 4.2% for the quarter, with a 5.1% drop for the first nine months of the year.Heineken said this was also partly caused by poor weather across Europe in July and August, with sales trends picking up again in September as conditions improved.
The company cheered the performance of its eponymous Heineken beer brand, which saw sales volumes increase 2.3% for the quarter.
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