AB InBev 3Q Revenue, Headline Ebitda Rose; Raises Fiscal Year Guidance
28 Oktober 2021 - 8:00AM
Dow Jones News
By Ian Walker
Anheuser-Busch InBev SA on Thursday reported a rise in both
revenue and third-quarter headline Ebitda, and raised its full-year
guidance.
The world's largest brewer--which also houses the Stella Artois
and Budweiser brands among its portfolio--attributed its
performance to "relentless execution, investment in our brands and
accelerated digital transformation."
Belgium-based AB InBev said revenue for the quarter rose to
$14.27 billion from $12.82 billion a year before. Organic revenue
growth was 7.9%, while organic volumes rose 3.4%. This compared
with expectations for an increase of 4.2% and a fall of 0.1%,
respectively, according to a company-provided consensus.
Normalized earnings before interest, taxes, depreciation and
amortization for the quarter rose 3.0% on an organic basis to $5.21
billion from $4.89 billion, and compared with a consensus of $4.97
billion, taken from FactSet and based on five analysts
forecasts.
Net profit for the quarter was $250 million, compared with $1.04
billion for the year-earlier period, AB InBev said.
The company said that it expects normalized Ebitda growth of
between 10% and 12% as a whole, with revenue growth above that
range. It previously forecast normalized Ebitda growth of between
8% and 12%, with revenue growth above that range.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 28, 2021 01:45 ET (05:45 GMT)
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