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Earnings

Heineken half-year profit misses on higher costs

Key Points
  • For the first half of the year, operating profit grew by just 0.3% on a like-for-like basis to 1.78 billion euros ($1.98 billion), missing analysts' estimate of 1.92 billion euros, according to IBES data from Refinitiv.
An employee checks a Heineken beer bottle on a packaging conveyor at the Heineken NV brewery in Zoeterwoude, Netherlands.
Jasper Juinen | Bloomberg | Getty Images

Heineken, the world's second-largest brewer, missed estimates for first-half profit on Monday, as rising input costs offset higher beer sales.

The Dutch maker of Heineken, Europe's top-selling lager, maintained its full-year forecast that operating profit before one-offs would increase by a mid-single-digit percentage.

For the first half of the year, operating profit grew by just 0.3% on a like-for-like basis to 1.78 billion euros ($1.98 billion), missing analysts' estimate of 1.92 billion euros, according to IBES data from Refinitiv.