Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ANHEUSER-BUSCH INBEV

(ABI)
  Report
Real-time Quote. Real-time Euronext Bruxelles - 01/15 11:35:16 am
56.74 EUR   -0.39%
01/15AB INBEV : Deutsche Bank remains Neutral
MD
01/15AB INBEV : Gets a Buy rating from Berenberg
MD
01/14ANHEUSER BUSCH INBEV : No-alcohol beers taste better than ever. Here's why.
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Rising costs weigh on AB InBev despite higher beer sales

10/29/2020 | 04:44am EST
The logo of AB InBev is pictured outside the brewer's headquarters in Leuven

BRUSSELS (Reuters) - Anheuser-Busch InBev, the world's largest brewer, scrapped its interim dividend and said quarterly profits dipped on Thursday as the shift to drinking at home pushed up its costs.

The maker of Budweiser, Stella Artois and Corona lagers enjoyed a surprise rise in sales but earnings declined slightly after the pandemic forced consumers to shift from drinking out to buying more of their beer in stores.

This pushes up costs because AB InBev needs to produce and ship more packaging and single-use cans and bottles and fewer of the cheaper kegs and returnable glass bottles used in bars and restaurants.

The world's second largest brewer Heineken said on Wednesday it faced a similar cost issue.

AB InBev gave no specific financial guidance for 2020, but expects the second half of the year to be better than the first, albeit with considerable uncertainty due to the pandemic.

Overall beer and soft drink volumes rose by 1.9% in the June-September quarter after a 17% slide in the second quarter to drive revenue up 4.0%, against consensus expectations of a 4% decline.

AB InBev shares were trading up 1.6% at 0925 GMT, with its largest markets recovering and showing no imminent signs of lockdowns.

Unlike rival Heineken, only a small percentage of the company's business is in Europe, where COVID-19 restrictions are tightening most.

BRAZIL SHINES

AB InBev's clear outperformer was Brazil, the company's second biggest market, where beer sales shot up 25% from a year earlier with government subsidies propping up consumer demand for its premium and new beers.

Volumes and profits also grew in its largest market, the United States, as its Michelob Ultra lager and hard seltzers offset a decline of mainstream brands to increase its share of national beer sales.

The Belgium-based company also reported growth in Mexico, Europe and China, but suffered declines in Colombia, where stay-at-home restrictions only eased in August, and South Africa, where alcohol sales were banned for a month.

Still, earnings before interest, tax, depreciation and amortisation only dipped by 0.8%, a far milder decline than the average forecast of a 9.3% drop in a company-compiled poll. EBITDA fell by a third in the second quarter.

The company said uncertainty and market volatility meant it would not pay an interim dividend this year after a payout of 0.80 euros per share in 2019.

Earlier this year, it also halved its final dividend for 2019 to 0.50 euros.

(Reporting by Philip Blenkinsop; editing by Jason Neely and Keith Weir)

By Philip Blenkinsop


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV -0.39% 56.74 Real-time Quote.-0.47%
CARLSBERG A/S 0.20% 922.8 Delayed Quote.-5.37%
DOW JONES AFRICA TITANS 50 INDEX -1.26% 531.77 Delayed Quote.0.62%
DOW JONES SOUTH AFRICA(ZAR) 0.02% 1847.65 Delayed Quote.4.74%
EURO / BRAZILIAN REAL (EUR/BRL) 0.11% 6.3865 Delayed Quote.-0.49%
HEINEKEN HOLDING N.V. -0.39% 77.25 Real-time Quote.0.26%
HEINEKEN N.V. -0.89% 89.56 Real-time Quote.-1.82%
S&P AFRICA 40 INDEX -1.87% 172.65 Delayed Quote.0.10%
All news about ANHEUSER-BUSCH INBEV
01/15AB INBEV : Deutsche Bank remains Neutral
MD
01/15AB INBEV : Gets a Buy rating from Berenberg
MD
01/14ANHEUSER BUSCH INBEV : No-alcohol beers taste better than ever. Here's why.
PU
01/13ANHEUSER BUSCH INBEV : AB InBev completes Vietnam merger after government approv..
RE
01/13ANHEUSER BUSCH INBEV / : Exane BNP Paribas Upgrades Anheuser-Busch Inbev to Neut..
MT
01/12AB INBEV : Bernstein reaffirms its Buy rating
MD
01/12AB INBEV : UBS remains Neutral
MD
01/11AB INBEV : Gets a Neutral rating from JP Morgan
MD
01/08AB INBEV : Jefferies keeps its Buy rating
MD
01/07AB INBEV : Credit Suisse reaffirms its Neutral rating
MD
More news
Financials (USD)
Sales 2020 46 583 M - -
Net income 2020 778 M - -
Net Debt 2020 83 682 M - -
P/E ratio 2020 172x
Yield 2020 0,97%
Capitalization 135 B 135 B -
EV / Sales 2020 4,70x
EV / Sales 2021 4,23x
Nbr of Employees 170 000
Free-Float 39,6%
Chart ANHEUSER-BUSCH INBEV
Duration : Period :
Anheuser-Busch InBev Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANHEUSER-BUSCH INBEV
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 73,90 $
Last Close Price 68,51 $
Spread / Highest target 70,0%
Spread / Average Target 7,86%
Spread / Lowest Target -24,4%
EPS Revisions
Managers and Directors
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Fernando Mommensohn Tennenbaum Chief Financial Officer
David Almeida Chief Strategy & Technology Officer
William F. Gifford Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANHEUSER-BUSCH INBEV-0.47%135 224
HEINEKEN N.V.-1.82%62 295
AMBEV S.A.1.92%47 805
CONSTELLATION BRANDS, INC.0.43%42 431
BUDWEISER BREWING COMPANY APAC LIMITED-4.69%41 604
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED-4.48%28 534