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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Ambev S.A.    ABEV3   BRABEVACNOR1

AMBEV S.A.

(ABEV3)
  Report
End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 05/22
11.74 BRL   -1.18%
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Ambev S A : Brazilian beverage distributors file antitrust complaint against Ambev

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10/25/2019 | 03:47pm EDT
AmBev (Companhia de Bebidas das Americas) beer crates are pictured in their unit in Fortaleza

SAO PAULO (Reuters) - Beverage distributors working for Brazilian brewer Ambev SA have filed a complaint against the company at the local antitrust regulator Cade, accusing it of anticompetitive practices.

An industry group representing 110 resellers and logistic distributors, known as Confenar, blames Ambev for implementing abusive commercial policies due to its dominant market position in Brazil.

"Ambev creates a closed and vicious cycle of control, determining resellers to work on the product mix they want, in the format, price and structure of their interest," Confenar's president, Ataíde Gil Guerreiro, said in a statement on Friday.

Fines applied to companies found guilty of anticompetitive practices may range from 0.1% to 20% of the gross revenue in the year preceding the filing of the complaint, Cade said in an emailed statement.

Ambev said in a statement that it regrets that Confenar has taken to Cade private contract negotiations, which has been ongoing for months.

"Confenar wants a guarantee of minimum profitability, which goes against free enterprise and business logic, and is using authorities as an instrument to try to pressure Ambev in a private negotiation," it said in a statement sent to Reuters.

The company also said that all of its commercial policies "are thoroughly reviewed by a committee with external members and are absolutely in line with current laws, including antitrust."

Earlier on Friday, Latin America's largest brewery reported a 9.7% fall in third-quarter net profit hurt by a jump in costs and slowed volume growth in its home market.

Ambev' shares were trading almost 7% down at 17.89 reais, posting the worst performance in the Brazilian main stock index <.BVSP>, which was up 0.27%.

(Reporting by Gabriela Mello; Editing by Nick Zieminski and Richard Chang)

By Gabriela Mello

Stocks mentioned in the article
ChangeLast1st jan.
AMBEV S.A. -1.18% 11.74 End-of-day quote.-37.12%
ASE TECHNOLOGY HOLDING CO., LTD. -2.70% 61.3 End-of-day quote.-26.32%
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Financials (BRL)
Sales 2020 51 416 M
EBIT 2020 14 149 M
Net income 2020 8 689 M
Finance 2020 12 238 M
Yield 2020 4,03%
P/E ratio 2020 21,3x
P/E ratio 2021 15,3x
EV / Sales2020 3,35x
EV / Sales2021 3,05x
Capitalization 185 B
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Technical analysis trends AMBEV S.A.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 14,70 BRL
Last Close Price 11,74 BRL
Spread / Highest target 87,4%
Spread / Average Target 25,2%
Spread / Lowest Target -14,8%
EPS Revisions
Managers
NameTitle
Jereissati Jean Neto Chief Executive Officer
Carlos Alves de Brito Co-Chairman
Victório Carlos de Marchi Co-Chairman
Lucas Machado Lira Chief Financial & Investor Relations Officer
Eduardo Eiji Horai Chief Information Technology Officer
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