Heineken’s profits are higher.

Heineken, the Dutch brewer, reported a jump in first-zone earnings and income on Wednesday, but warned that it may be able to raise prices further due to rising commodity costs.

After AB Inbev, the world’s second-largest beer company evolved, boosted by Europeans and Asians returning to pubs and restaurants, as well as improved rates.

For the first three months of 2022, net earnings were 417 million euros, more than double the figure for the same period in 2021.

The figure excludes a 400-million-euro damage projected as a result of Heineken’s decision to leave Russia following the invasion of Ukraine; the business says it will provide an update when its half-year results are released.

Beer sales increased by 5.2 percent by volume, with bigger rises in Europe as Covid restrictions were removed. Turnover increased by 36 percent to over seven billion euros.

Inflation has been lingering in many countries, with prices for oil, cereals, and grains rising in tandem with news that Russia invaded Ukraine on February 24.

Heineken, which employs 1,800 people in Russia, announced last month that it may sell its business in the United States. Because it was “not sustainable nor feasible in today’s environment.”

Since the conflict began and sanctions were imposed on the United States, hundreds of Western companies have closed storefronts and offices in Russia.

“The situation in Ukraine has added to the global economic outlook and commodity market instability,” Heineken stated in a quarterly statement released on Wednesday.

“Expect growing inflationary pressures to impair household disposable income and, as a result, a risk to beer consumption later this year,” the business stated.

“Further cost pressures are arising from growing input costs, supply chain issues, and the decision to exit Russia,” the company said, adding that it will “take additional actions” as a result.