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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV

(ABI)
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Delayed Quote. Delayed Euronext Bruxelles - 05/29 11:36:42 am
41.91 EUR   -3.38%
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Beer and spirit makers join global efforts to make sanitisers

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03/23/2020 | 11:38am EDT
FILE PHOTO: The logo of AB InBev is pictured outside the brewer's headquarters in Leuven

Anheuser-Busch InBev, the world's biggest beer maker, and Diageo, the world's largest distiller, pledged on Monday to donate million litres of alcohol to make hand sanitisers and disinfectants to help fight the coronavirus pandemic.

Diageo said it would donate 2 million litres of grain neutral spirit - a 96% ethyl alcohol used mainly for vodka and gin - to help manufacturers make more than 8 million 250 ml bottles of sanitisers that are in short supply in countries worst hit by coronavirus. The maker of Johnnie Walker whisky and Tanqueray gin said the bottles would be supplied to healthcare systems and workers, vulnerable communities and at-risk groups in Australia, Brazil, Britain, Kenya, India, Ireland, Italy and the United States.

"This is the quickest and most effective way for us to meet the surging demand for hand sanitiser around the world," Chief Executive Officer Ivan Menezes said in a statement.Separately, Budweiser maker AB InBev said it will start shipping some 50,000 litres of disinfectant made with alcohol removed from its alcohol-free beers for use in hospitals in several European countries from Wednesday.

Shipments of 5-litre containers will likely be sent to Belgium, Britain, France, Italy and the Netherlands, the company said, adding that it had already produced 26,000 bottles of hand sanitisers for pharmacies and health sector workers as well as 1,000 Beck's bottles of disinfectant for German businesses.

The surge in hand sanitisers made with alcohol from distilleries comes after the U.S. Food and Drug Administration announced https://bit.ly/395w1OH last week that it would allow some facilities and licensed professionals to make the product as long as they follow certain protocols.

Jameson whisky maker Pernod Ricard was one of the first major distillers to announce it was producing and donating alcohol, with 70,000 litres destined for hydroalcoholic gel.

Consumer product companies including Nivea-maker Beiersdorf and French luxury goods maker LVMH have joined the fight against COVID-19. LVMH has repurposed factories to make sanitisers and promised the French government it would source 40 million face masks from a Chinese supplier.

(Reporting by Siddharth Cavale and Philip Blenkinsop; Editing by Barbara Lewis and David Clarke)

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV -3.38% 41.91 Delayed Quote.-42.36%
BEIERSDORF AKTIENGESELLSCHAFT -1.34% 94.26 Delayed Quote.-11.62%
BYD COMPANY LIMITED -1.47% 43.5 End-of-day quote.11.97%
CLARKE INC. -0.59% 5.03 Delayed Quote.-59.57%
DIAGEO PLC -5.53% 2790.5 Delayed Quote.-12.81%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -3.05% 375 Real-time Quote.-9.46%
PERNOD RICARD -2.27% 140.1 Real-time Quote.-12.11%
WORLD CO., LTD. -3.03% 1567 End-of-day quote.-41.77%
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Financials (USD)
Sales 2020 44 426 M - -
Net income 2020 1 621 M - -
Net Debt 2020 84 276 M - -
P/E ratio 2020 76,0x
Yield 2020 2,18%
Capitalization 91 207 M 91 292 M -
EV / Sales 2019
EV / Sales 2020 3,95x
Nbr of Employees 171 915
Free-Float 38,0%
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 57,84 $
Last Close Price 46,55 $
Spread / Highest target 108%
Spread / Average Target 24,3%
Spread / Lowest Target -53,7%
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Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Luis Felipe Pedreira Dutra Leite Chief Financial & Technology Officer
William F. Gifford Non-Executive Director
Marcel Herrmann Telles Non-Executive Director
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