Heineken keeps eye on cost as earnings jump

Managing director Roland Bala clarified that the price increases in Q4’21 were “not significant, and were only to cover the increase in raw material costs”. “We will monitor this very closely. It is very important for us to protect the long-term survival of the business,” said Bala.

PETALING JAYA: Heineken Malaysia Bhd is cognisant of its prospects in 2022, given the recent spike in new Covid-19 cases, continued closure of international borders resulting in lower arrivals of tourists, escalating input costs and various logistics challenges posed by the pandemic.

In an online press briefing, the brewer’s finance director Karsten Folkerts said the group “will look into further price increases in 2022 if the input costs continue to rise”.