Anheuser-Busch InBev Q4 Profit Surges

Anheuser-Busch InBev (AHBIF.PK,BUD) Thursday reported significantly higher profit for the fourth quarter, with single digit growth in revenues, positively impacted by a continued volume recovery and revenue per hl growth.

For the quarter, the Group's profit attributable to equity holders of the company surged to $2.266 billion or $1.13 per share from last year's $114 million or $0.06 per share.

Attributable normalized profit rose to $2.154 billion or $1.08 per share from $962 million or $0.48 per share a year ago. However, attributable underlying profit slid to $1.616 billion or $0.81 per share from last year's $1.729 billion or $0.87 per share. Underlying profit excludes mark-to-market gains and losses linked to the hedging of share-based payment programs and the impact of hyperinflation, the Group reported.

For the fourth quarter, the Group's revenue rose by 4.5 percent to $12.77 billion. Total volumes in the quarter grew by 1.6 percent, with own beer volumes and non-beer volumes up by 1.8 percent and 1.7 percent, respectively.

Looking ahead to 2021, the Group said it expects its top and bottom line results to improve meaningfully compared to last year. It also expects topline growth from a healthy combination of volume and price, translating to bottom line growth.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement. Specialized Bicycle Components, Inc. is recalling about 6,900 units of Tarmac SL7 Bicycles and Framesets for potential risk of fall and injury hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the bicycle's fork steerer tube can crack or break after harsh impact such as hitting a deep pothole or other stress event, posing fall and injury hazards.
Follow RTT