Anheuser-Busch InBev reported results in line with expectations for the first quarter on Wednesday and maintained its growth outlook for the year.
The beer giant announced this morning that it 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 increased by 2.6%, driven by an increase of 3.3%. 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 in achieving its growth ambitions for 2024.
AB InBev therefore says it still expects an increase in its Ebitda in line with its medium-term outlook, i.e. between 4% and 8%.
On the Brussels Stock Exchange, the stock rose 4.5% at the start of the session following these results and forecasts, the largest increase in the BEL 20 index.
‘Now that the Bud Light scandal has passed for more than a year, we expect organic growth to accelerate by two to three percentage points by the end of the year compared to first quarter’, predict RBC analysts.
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