AB InBev beats profit predictions

31st July, 2014 by Neal Baker

AB Inbev has reported profit growth this quarter that has exceeded industry estimates, as sales in Brazil related to the World Cup helped to balance out a US slump.

AB InBev

Earnings before deductions rose 9.5% to $4.85 billion (£2.66bn), significantly higher than the pre-results estimate of 8.2% which was reached by an average of industry expert predictions.

The company shares have been trading 0.6% higher since the result announcement on Thursday (31 July), which brings the total rise for the year to 6.5%.

Chief financial officer Felipe Dutra said it will be “extremely difficult” to maintain the growth rate in Brazil, where it is said to control around two thirds of the beer market with popular brands like Brahma.

As the drinks business has reported, analysts and investors have speculated that AB InBev could take over its leading competitor SABMiller.

Bloomberg have reported that Dutra said the company will “always be ready to look at opportunities if and when they arise.”

Beer volume rose in Mexico, Brazil and Asia Pacific, whereas US sales to wholesalers fell 3.4% after AB InBev sold more to distributors in the prior period ahead of possible industrial action. Sales to retailers slid by 1%.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Job vacancies

PR Account Executive

Clementine Communications Ltd
Fulham, UK

PR Senior Account Manager

Clementine Communications Ltd
Fulham, London

Marketing Manager

Berkmann Wine Cellars
London, N7, UK

Brand Manager

Berkmann Wine Cellars
London, N7, UK

Sales Account Manager

Jascots Wine Merchants
London, UK

Marylebone Sales Manager

Philglas & Swiggot
Marylebone, London, UK

Area Sales Manager

Bon Coeur Fine Wines
North England, UK

Procurement Assistant – Wine

Adnams PLC
Southwold, UK

Account Manager Central London

Speciality Drinks Ltd
London, UK

Brand Ambassador

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Ltd
London, UK

Marketing Assistant

Hatch Mansfield
Ascot, Berkshire, UK

Marketing Manager

Bancroft Wines
London, UK

Regional Sales Manager – Scotland

Bancroft Wines
London, UK

The Global Sparkling Masters 2017

Deadline : 25th August 2017

The Global Malbec Masters 2017

Deadline : 25th August 2017

Global Chardonnay Masters 2017

Deadline : 1st September 2017

The Global Sauvignon Blanc Masters 2017

Deadline : 1st September 2017

Click to view more

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

The Global Organic Masters 2017

The drinks business is thrilled to announce the launch of The Global Organic Masters

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Click to view more