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  5. Ambev S.A.
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    ABEV3   BRABEVACNOR1

AMBEV S.A.

(ABEV3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 09/27
15.83 BRL   -0.06%
09/22AMBEV S A : NOTICE TO THE MARKET (Form 6-K)
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09/17AMBEV S A : NOTICE TO THE MARKET (Form 6-K)
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09/09AMBEV S A : CONSOLIDATED FORM (Form 6-K)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ambev Posted 2Q Net Profit of BRL2.9 Billion on Record Sales Volume, Tax Credit

07/29/2021 | 07:28am EDT

By Jeffrey T. Lewis

SAO PAULO--Ambev SA's profit rose in the second quarter from a year earlier as sales volumes were the highest ever for the period and after receiving a tax credit of more than a billion reais.

The Sao Paulo-based company's net income increased to 2.9 billion reais, equivalent to $567 million, from 1.3 billion reais a year earlier, Ambev said Thursday. Net revenue reached 15.7 billion reais, an increase of 35.3%, and normalized earnings before interest, taxes, depreciation and amortization rose 58% to 5.3 billion reais. Sales volumes increased 19% to 39.8 million hectoliters.

Ambev is controlled by Anheuser-Busch InBev SA, the world's biggest beer producer, and brews and markets brands including Budweiser, Brahma and Corona. Brazil is Ambev's biggest market, but the company also operates in other countries in the Americas including Canada, Argentina and Chile.

Ambev said it booked a tax credit of 1.6 billion reais in the second quarter related to a ruling by Brazil's supreme court that forbade the federal government and state governments from charging the company certain taxes.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

07-29-21 0727ET

All news about AMBEV S.A.
09/22AMBEV S A : NOTICE TO THE MARKET (Form 6-K)
PU
09/17AMBEV S A : NOTICE TO THE MARKET (Form 6-K)
PU
09/09AMBEV S A : CONSOLIDATED FORM (Form 6-K)
PU
09/09AMBEV S A : (X) the only transactions with securities and derivatives were those presented..
PU
08/27AMBEV S A : Extract of the Minutes of the Meeting of the Board of Directors of Ambev S.A. ..
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08/19AMBEV S A : NOTICE ON RELATED PARTIES TRANSACTIONS (Form 6-K)
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08/13AMBEV S A : Goldman Sachs Initiates Coverage on Ambev With Sell Rating, $2.60 Price Target
MT
08/10AMBEV S A : Report on review of interim consolidated financial statements (Form 6-K)
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08/10AMBEV S A : (X) the only transactions with securities and derivatives were those presented..
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08/10AMBEV S A : CONSOLIDATED FORM (Form 6-K)
PU
More news
Analyst Recommendations on AMBEV S.A.
More recommendations
Financials
Sales 2021 67 759 M 12 590 M 12 590 M
Net income 2021 11 046 M 2 052 M 2 052 M
Net cash 2021 15 735 M 2 924 M 2 924 M
P/E ratio 2021 21,9x
Yield 2021 3,42%
Capitalization 249 B 46 440 M 46 288 M
EV / Sales 2021 3,44x
EV / Sales 2022 3,22x
Nbr of Employees 50 000
Free-Float 27,9%
Chart AMBEV S.A.
Duration : Period :
Ambev S.A. Technical Analysis Chart | ABEV3 | BRABEVACNOR1 | MarketScreener
Technical analysis trends AMBEV S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Last Close Price 15,83 BRL
Average target price 17,60 BRL
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Jereissati Jean Neto Chief Executive Officer
Fernando Mommensohn Tennenbaum Director
Lucas Machado Lira Chief Financial & Investor Relations Officer
Victˇrio Carlos de Marchi Co-Chairman
Michel Dimitrios Doukeris Co-Chairman
Sector and Competitors
1st jan.Capi. (M$)
AMBEV S.A.1.15%46 440
ANHEUSER-BUSCH INBEV-13.08%114 878
HEINEKEN N.V.-0.99%60 891
CONSTELLATION BRANDS, INC.-3.37%40 661
BUDWEISER BREWING COMPANY APAC LIMITED-23.83%32 674
HEINEKEN HOLDING N.V.-2.01%25 464