AB InBev 4Q Performance Beats Expectations; Sees 2022 Revenue Growth on Volume, Price
24 Februar 2022 - 08:16AM
Dow Jones News
By Michael Susin
Anheuser-Busch InBev SA on Thursday said revenue rose in the
fourth quarter, above market expectations, despite foreign-exchange
and commodity headwinds.
The world's largest brewer--which also houses the Stella Artois
and Budweiser brands among its portfolio--attributed its
performance to "robust risk management and an efficient capital
structure."
For the quarter, the Belgium-based company said revenue rose to
$14.20 billion from $12.77 billion a year earlier, and compared
with a consensus of $13.68 billion taken from FactSet and based on
11 analysts forecasts. Organic revenue growth was 12.1%, while
organic volumes rose 3.6%. This compared with expectations for
increases of 8.5% and 3.1%, respectively, according to a
company-provided consensus.
The company said own-beer volumes rose 3.4% in the fourth
quarter, led by an increase of 9.1% from Asia Pacific. Volumes in
North America increased 1.7%, while those in South America fell
1.2%.
Normalized earnings before interest, taxes, depreciation and
amortization rose 5% on an organic basis to $4.88 billion, it said.
Consensus normalized Ebitda was $4.82 billion, taken from FactSet
and based on seven analysts estimates.
Net profit for the quarter fell to $1.96 billion, compared with
$2.27 billion a year earlier and a consensus of $1.74 billion,
taken from FactSet and based on five analysts forecast.
The company said that it expects 2022 Ebitda to grow between 4%
and 8%, in line with its medium-term outlook, and revenue to grow
ahead of Ebitda, driven by a "healthy combination of volume and
price."
The board has declared a dividend of 50 European cents,
unchanged from the prior year.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
February 24, 2022 02:01 ET (07:01 GMT)
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