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.
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(END) Dow Jones Newswires