AB InBev maintains momentum in Q3; post 50% profit rise in nine months
Anheuser-Busch InBev said on Thursday that revenue in the nine months to the end of September grew 4.1% to $42bn and 3.6% to $14.7bn in the third quarter alone.
The maker of Budweiser and Corona said that its growth was fueled by SABMiller’s former operations and by revenue management initiatives and continued premiumization. The brewer noted that total beer volumes fell 0.3% in the nine months to the end of September and declined 1.2% in the third quarter.
The company hailed the contribution of its global premium brands, particularly Corona which grew 9.6% in the period. AB InBev noted that its cost of sales in the nine months to September rose 2% but declined 1.9% in the third quarter, driven by synergy capture as well as favourable market exchange rates. The firm said it now hopes to ca