Heineken warns inflation may hit demand despite Q1 beat
Heineken beat Q1 revenue forecasts with a 2.8% rise but warned that inflation and energy costs may hit demand. Shares fell as investors eyed a difficult year.
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HEINEKEN NV grew Q1 organic net revenue 2.8%, beating analyst estimates of 2.3%. Growth came despite rising energy costs linked to Middle Eastern tensions following U.S. and Israeli airstrikes at the end of February. Shares fell 3% as the brewer warned that inflation and production costs threaten consumer demand.
