Higher beer prices could dent demand
Carlsberg expects rising prices to dent consumption of its products. Photograph: Chris Ratcliffe/BloombergDanish brewer Carlsberg on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption.
The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5 per cent and plus 5 per cent, compared with 12 per cent growth last year."While beer historically has been a resilient consumer category, the higher prices in combination with generally high inflation may have a negative impact on beer consumption in some of our markets, particularly in Europe," he said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grammys 2023 Roundup: All The Winners And Major Moments | StellarThe Grammys never disappoint!
Read more »
Grammys 2023: the best and worst outfits from the red carpetHarry Styles showed up bare-chested, Mary J. Blige exposed her hips, while Lizzo, Sam Smith and Taylor Swift turned heads with stunning colours
Read more »
Galway rally goes horribly wrong as video shows car lose control and hit wall'The video has received thousands of views so far as many took to the comments to share their reactions to it'
Read more »
Expert tips for brides-to-be on achieving the perfect skin for your wedding dayChristmas is the most popular time of year to propose, meaning many people have kickstarted 2023 by planning their wedding - but have you thought about skincare?
Read more »