Heineken returned to profit in the first half of the year as countries lifted COVID-19 restrictions, but the pandemic continues to affect the Dutch brewer in key markets.
Heineken earnings rebounded in the first half as COVID-19 restrictions eased.AMSTERDAM - Heineken returned to profit in the first half of the year as countries lifted COVID-19 restrictions, but the pandemic continues to affect the Dutch brewer in key markets, the company said.
But Heineken, whose roster includes Amstel, Red Stripe and Tiger, said it expects its full-year financial results to remain below pre-pandemic levels. The recovery, however, is uneven across the world as new COVID-19 waves and variants have triggered restrictions, particularly in Africa and Asia, Heineken said.
Turnover rose more than eight percent to 10 billion euros in the first half, which was"slightly better" than expected, said Wim Hoste, analyst at KBC Securities.
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