(News Bulletin 247) – AB InBev shares are trading on low spreads on Thursday morning, despite the publication of good quarterly results, marked by double-digit growth in revenues and profits.
The world’s leading brewer recorded revenue growth of 13.2% over the first three months of the year, thanks to its price increases and the constant ‘premiumisation’ of its product portfolio.
The owner of the Budweiser, Stella Artois and Corona brands reports that its Normalized Ebitda grew 13.6% to $4.76 billion, with Normalized Ebitda margin widening 13 basis points to 33, 5%
Underlying profit (normalized profit attributable to shareholders excluding the impact of hyperinflation) reached 1.31 billion dollars for the quarter, against 1.20 billion a year earlier.
The only small disappointment, total volumes increased by 0.9%, where the consensus envisaged a more pronounced increase of 1%.
The AB InBev share (+0.1%) changed little late Thursday morning on the Brussels Stock Exchange after these results, but still generated the most sustained trading volumes within the BEL 20 index.
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