Carlsberg have said that they have had to put the price up beer up to offset “significantly” higher costs and the brewing company are “uncertain” how the increase will affect how much people will buy their product given the cost of living crisis.
Carlsberg told their investors that in the three months to March revenues were up by 8% to 16.4 billions Danish Krone.
Following the pandemic revenue per hectolitre increased by 12% as pubs, bars and restaurants recovered.
Cees ’t Hart, chief executive, said: “The first quarter of the year showed a strong improvement in revenue per hectolitre, covering the significant increase in our cost base.
“Although uncertainties for the year remain, particularly in Europe, we’re pleased that we’ve been able to narrow the earnings guidance range and that we’re initiating a new one billion Danish krone share buyback today in light of our strong balance sheet.”
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