AB InBev: shares rise after strong quarter
(CercleFinance.com) - Shares of AB InBev, the world's largest brewer, rose on Thursday after the group reported an increase in second-quarter sales and profits, thanks to the effects of premiumisation.
The Brussels-based beer giant posted its best quarterly volume performance in over five years, with total growth of 2.1%, driven by countries such as Mexico, Brazil, South Africa, and Australia.
AB InBev owns brands such as Modelo Especial, Stella Artois and Michelob.
EBITDA grew by 9.4% in the quarter, the group said, with margin up to 42% as a result of both premiumization and cost discipline.
There was no change to the outlook statement, with the brewer continuing to expect to deliver "strong" revenue and EBITDA growth this year.
The shares were up 2.2% on Euronext Brussels after these numbers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The Brussels-based beer giant posted its best quarterly volume performance in over five years, with total growth of 2.1%, driven by countries such as Mexico, Brazil, South Africa, and Australia.
AB InBev owns brands such as Modelo Especial, Stella Artois and Michelob.
EBITDA grew by 9.4% in the quarter, the group said, with margin up to 42% as a result of both premiumization and cost discipline.
There was no change to the outlook statement, with the brewer continuing to expect to deliver "strong" revenue and EBITDA growth this year.
The shares were up 2.2% on Euronext Brussels after these numbers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.