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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 - 12/03
14.7 BRL   -1.21%
11/09AMBEV S A : October – Consolidated Form
PU
11/09AMBEV S A : September - Treasury Form
PU
11/09ADRs Mostly Rise In New York Trading; BP Jumps 15.6%
DJ
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ambev 3Q Net Income Fell 8.9% Vs. Year Earlier on Higher Costs

10/29/2020 | 06:56am EST

By Jeffrey T. Lewis

SAO PAULO--Ambev SA's profit fell in the third quarter from a year earlier as the company's cost of goods sold jumped and financial costs increased even as sales rose.

The Sao Paulo-based company's net income attributable to shareholders fell 8.9% to 2.3 billion reais, equivalent to $403 million, Ambev said Thursday. Adjusted earnings before interest, taxes, depreciation and amortization rose 15% to 5.1 billion reais. Net revenue rose 30.5% to 15.6 billion reais. Sales volume increased 12% to 42.4 million hectoliters.

Ambev is controlled by Anheuser-Busch InBev SA, the world's biggest beer producer, and brews and markets brands including Budweiser, Brahma and Corona. Brazil is Ambev's biggest market, but the company also operates in other countries in the Americas including Canada, Argentina and Chile.

The company reported that sales jumped in the third quarter from the second quarter as governments in markets where Ambev operates eased quarantine restrictions. Brazilian beer sales were helped by government aid payments to the country's poorest residents, and were up 25.4% from a year earlier.

The company's net financial result showed a loss of 1.1 billion reais, compared with a loss of 305.8 million reais in the same quarter a year earlier, as interest costs rose to 539.3 million reais from 393.8 million reais in the year-ago quarter. Losses from hedges increased to 562.7 million reais from 311.7 million reais in the third quarter of last year.

Cost of goods sold jumped 41.9% to 7.4 billion reais, boosted by rapid price increases in Argentina, unfavorable exchange rates and changes in the company's packaging mix, Ambev said.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

10-29-20 0755ET

Stocks mentioned in the article
ChangeLast1st jan.
AMBEV S.A. -1.21% 14.7 End-of-day quote.-21.26%
EURO / ARGENTINE PESO (EUR/ARS) 0.05% 98.9109 Delayed Quote.47.04%
EURO / BRAZILIAN REAL (EUR/BRL) 0.09% 6.242 Delayed Quote.40.26%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.00% 81.4 Delayed Quote.36.12%
All news about AMBEV S.A.
11/09AMBEV S A : October – Consolidated Form
PU
11/09AMBEV S A : September - Treasury Form
PU
11/09ADRs Mostly Rise In New York Trading; BP Jumps 15.6%
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10/30AMBEV S A : 2020 Registration Form
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10/30AMBEV S A : Reminder - 3Q20 Earnings Release and Conference Call
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10/29AMBEV S A : Earnings Release Presentation 3Q20
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10/29Ambev 3Q Net Income Fell 8.9% Vs. Year Earlier on Higher Costs
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10/29AMBEV S A : Reports 2020 Third Quarter Results
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10/26AMBEV S.A. : quaterly earnings release
10/15AMBEV S A : Board Meeting – Ambev. S.A
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More news
Financials
Sales 2020 56 604 M 11 031 M 11 031 M
Net income 2020 8 516 M 1 660 M 1 660 M
Net cash 2020 12 426 M 2 422 M 2 422 M
P/E ratio 2020 27,3x
Yield 2020 2,66%
Capitalization 231 B 45 145 M 45 074 M
EV / Sales 2020 3,87x
EV / Sales 2021 3,56x
Nbr of Employees 50 000
Free-Float 27,9%
Chart AMBEV S.A.
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Ambev S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMBEV S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 15,82 BRL
Last Close Price 14,70 BRL
Spread / Highest target 49,7%
Spread / Average Target 7,64%
Spread / Lowest Target -18,4%
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
Sector and Competitors
1st jan.Capitalization (M$)
AMBEV S.A.-21.26%45 145
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CONSTELLATION BRANDS, INC.8.03%40 311
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