: Carlsberg seems to be using pricing to boost revenue

James Edwardes Jones and Wassachon Udomsilpa of Julius Baer Capital Markets wrote in a report to clients that the price-driven revenue growth of Heineken "clearly contradicts the company's intention to slow down its pace of price increases." The Dutch brewer reported fourth-quarter and full-year revenue growth exceeding expectations, despite a decline in sales volume. These analysts suggest that this indicates strong growth in the price mix and implies that the company has not lowered its beer prices. Royal Bank of Canada rates this stock listed on the Amsterdam stock exchange as "in line with the industry" with a target price of 76 euros.