On Wednesday, Anheuser-Busch InBev reported results in line with expectations for the first quarter and maintained its growth outlook for the year.

The beer giant announced this morning that it had generated normalized Ebitda (earnings before interest, taxes, depreciation and amortization) of almost five billion dollars in the first quarter, representing an increase of 5.4%.

Its normalized operating margin (Ebitda) improved by 90 basis points to 34.3%, while its revenues rose by 2.6%, driven by a 3.3% increase per hectoliter.

The group, which says it has benefited from the success of its 'mega-brands' Budweiser, Corona, Stella Artois and Michelob Ultra, said it was encouraged by the start of the year and confident of achieving its growth ambitions for 2024

AB InBev says it still expects its Ebitda to rise in line with its medium-term outlook of between 4% and 8%.

On the Brussels Stock Exchange, the share gained 4.5% in early trading following these results and forecasts, the biggest rise on the BEL 20 index.

'Now that the Bud Light scandal has been over for more than a year, we expect organic growth to accelerate by two to three percentage points by the end of the year compared with the first quarter', forecast RBC analysts.

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