Based on strong business performance year to date, including in July, and achievement of a consistent level of operations in
The Group has delivered better-than-expected business performance, particularly as a consequence of strong on-trade recovery in our European markets and strong results in many Asian markets. This has more than offset the increasing commodity and energy cost pressure in H1.
In
Our Ukrainian colleagues have shown incredible strength and resilience, delivering an outstanding effort while navigating both the humanitarian crisis and the enormous business challenges since the outbreak of the war. At their recommendation, we ramped up production at two of our three breweries during April and May and, by the end of June, production had also been reinstated at the third brewery. Consequently, as a consistent level of operations has now been resumed, the full-year operating result in
Accordingly, the upgraded 2022 full-year outlook including
- High single-digit-percentage organic growth in operating profit.
The new outlook replaces the previous guidance of
As planned, the H1 2022 interim financial statement will be published at
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Attachments
- 41_08082022_Earnings Upgrade.pdf
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