logo
  

Anheuser-Busch InBev Q2 Profit Surges On Strong Volume; Backs FY21 View - Quick Facts

Belgian brewer Anheuser-Busch InBev (AHBIF.PK,BUD) reported Thursday that its second-quarter profit attributable to equity holders was $1.86 billion, up from $351 million last year. Earnings per share were $0.93, up from $0.18 a year ago.

Normalized profit attributable was $1.91 billion, higher than $921 million last year. Normalized earnings per share were $0.95, higher than prior year's $0.46.

Underlying profit attributable was $1.51 billion or $0.75 per share, compared to $790 million or $0.40 per share a year ago.

Normalized EBITDA increased 31 percent.

Revenue for the quarter climbed 27.6 percent to $13.54 billion from last year's $10.29 billion, with revenue per hl growth of 5.8 percent.

Total Volumes increased 20.8 percent to 144 845 thousand hls. Own beer volumes went up by 20.5 percent and non-beer volumes up by 23.2 percent.

Looking ahead for fiscal 2021, the company continues to expect EBITDA to grow between 8-12 percent and our revenue to grow ahead of EBITDA from a healthy combination of volume and price.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Activity in the U.S. manufacturing sector slowed by more than expected in the month of September but still saw continued growth, according to a report released by the Institute for Supply Management on Monday. Stocks have moved sharply higher in morning trading on Monday, regaining ground following a dismal September. The major averages have all shown substantial moves to the upside. Swedish geneticist Svante Paabo has won this year's Nobel Prize in Physiology/Medicine for his discoveries concerning the genomes of extinct hominins and human evolution. Through his pioneering research, Svante Pääbo accomplished something seemingly impossible: sequencing the genome of the Neanderthal, an extinct relative of present-day humans. He also made the sensational discovery of a previous
RELATED NEWS
Follow RTT