THE HAGUE, April 20 — Dutch brewer Heineken reported today a jump in first-quarter profit and sales but hinted that it may hike prices again due to the rising cost of commodities.
The number, however, does not include the €400-million hit expected from Heineken’s decision to exit Russia following the invasion of Ukraine, with the company saying it will provide an update when it releases its half-year results. Heineken, which employs 1,800 people in Russia, said last month that it would sell its business in the country as it was “no longer sustainable nor viable in the current environment”.
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