logo
Plus   Neg
Share
Email

Anheuser-Busch Inbev Q3 Profit Climbs, Volume Down; Confirms FY19 View

Beer manufacturer Anheuser-Busch InBev (AHBIF.PK,BUD) reported Friday that its third-quarter profit attributable to equity holders surged to $3.00 billion from last year's $959 million. Earnings per share grew to $1.51 from $0.49 last year.

Normalized profit attributable to equity holders was $2.41 billion, higher than last year's $1.52 billion. Normalized earnings per share improved to $1.22 from $0.77 a year earlier.

Underlying profit was $1.87 billion, compared to $2.19 billion in the previous year. Underlying earnings per share were $0.94, compared to $1.11 last year.

EBITDA was flat in the quarter, with EBITDA margin contraction of 107 bps to 40.2 percent, as a result of CoS headwinds and the phasing of sales and marketing investments.

Revenue increased to $13.17 billion from last year's $12.92 billion. Organically, revenues grew 2.7 percent in the quarter, with revenue per hl growth of 3.0 percent.

Total volumes decreased 0.5 percent organically to 143.42 million hls, with own beer volumes down 0.9 percent and non-beer volumes up 4.0 percent.

Further, AB InBev board has approved an interim dividend of 0.80 euro per share for the fiscal year 2019.

Looking ahead for fiscal 2019, the company continues to expect to deliver strong revenue growth.

"Overall, we remain confident in our strategy and the fundamental strength of our business, though we now expect moderate EBITDA growth in FY19 given the additional headwinds faced in 3Q19 which we anticipate will continue into 4Q19," the company said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Latam Airlines Group SA, one of the largest air carrier in South America, has filed for bankruptcy protection in New York amid the ongoing Covid-19 pandemic, which has grounded flights worldwide. This Chapter 11 filing allows Latam to work with its creditors and other stakeholders to reduce its debt,... Pizza Hut said it is giving away 500,000 free pizzas to 2020 graduates in the Unites States. The pizza chain, owned by Yum! Brands, offers one free medium 1-topping pizza to all diploma/degree earning individuals until supplies last. The company is partnering with America's dairy farmers for the offer, which can be claimed until Thursday and redeemed until June 4. Merck & Co. Inc. on Tuesday announced deals, including an acquisition and two collaborations that will enable the U.S. drugmaker to join the race to develop coronavirus vaccines and drugs. Shares of Merck were rising almost 4 percent in the pre-market. Merck said it has agreed to acquire privately-held Themis, an Austria-based company focused on vaccines and immune-modulation therapies.
Follow RTT