London (Reuters) – The brewer AnhueSer -Busch Inbev reported on Wednesday an operating profit for the fourth quarter significantly higher than the expectations of analysts, despite a slowdown in the Chinese beer market which weighed on volumes.
The manufacturer of the Budweiser and the Stella Artois revealed that its operating profit from the fourth quarter had increased by 10.1% in organic, exceeding the forecasts of analysts who tabled on 7.7%. The annual increase of 8.2% also exceeded the forecasts and the range of group objectives.
According to AB Inbev, its turnover has reached a record level thanks to its flagship brand, Corona, and costs.
However, the 19% fall in volume sales in China arouses concerns among certain investors, who question the impact of the slowdown in the Chinese beer market on the largest world brewer.
In Argentina, where high inflation slowed down demand, percentage volumes fell 1.9%below analysts’ expectations.
His rival Heineken also reported growth in his annual profit greater than forecasts. At the beginning of the month, the action of the second brewer recorded its highest increase in one day since 1989, after having again anticipated strong growth this year.
AB INBEV also provides organic growth in operating profit between 4% and 8% in 2025.
(Written by Emma Rumney, Elena Smirnova, edited by Kate Entringer)
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