AB Inbev: beer goes flat after FY results
(CercleFinance.com) - The AB InBev share is down nearly 5% in Brussels after the brewer published underlying EPS of 2.
51 dollars for 2020, down 31% from 3.63 dollars in the previous year, while the group's EBITDA margin is down 382 basis points at 36.9%.
Revenues fell by 3.7%, with a 2.1% growth in revenue per hectoliter, which was not offset by a 5.7% contraction in total volumes, mainly due to the impact of the Covid-19 pandemic.
AB InBev's Board of Directors is proposing a final dividend of 0.50 euro per share for FY 2020, subject to shareholder approval at its AGM scheduled for 28 April 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
51 dollars for 2020, down 31% from 3.63 dollars in the previous year, while the group's EBITDA margin is down 382 basis points at 36.9%.
Revenues fell by 3.7%, with a 2.1% growth in revenue per hectoliter, which was not offset by a 5.7% contraction in total volumes, mainly due to the impact of the Covid-19 pandemic.
AB InBev's Board of Directors is proposing a final dividend of 0.50 euro per share for FY 2020, subject to shareholder approval at its AGM scheduled for 28 April 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.