GLOBAL: Positive signs in Anheuser-Busch InBev's Q4 figures - analyst
A-B InBev has a number of innovations for 2013
The brewer yesterday (27 February) reported an 8.8% rise in sales to $1.79bn in the last three months of 2012. Organic operating profits also rose by 10% in the period, but net profits took an 8.5% dip.
Analysts UBS noted that the rise in Q4 operating profits beat estimates and showed “impressive” price/mix growth in the US and Brazil. A-B InBev also gained market share in the US for the first time since 2009, UBS said, and has a “full innovation pipeline” for this year, including Budweiser Black Crown in the US.
On Brazil, analysts Bernstein said it expected the company to deliver 4% to 5% volume growth in the medium-term. However for 2013, the analysts forecast “subdued” volume growth due to a tax hike in April, Q1 weakness, the timing of Carnival and poor weather.
On the group’s US$20.1bn acquisition of Grupo Modelo, which A-B InBev has offered concessions on, UBS said: “We believe the new deal structure addresses the DoJ (Department of Justice) concerns, and expect completion in the next few months.”
MillerCoors' plans to launch a new, high-strength "golden" lager may not be surprising on one level, but the wider trend is puzzling....
Anheuser-Busch InBev (A-B InBev) is facing challenges in the mature US beer category by focusing on premium and craft beer. As the US Justice Department precluded A-B InBev from controlling the lucrat...
This "value set" report combines Beer in the U.S., Imported Beer and Specialty Beer and Microbrewery Markets to create the most exhaustive study of the U.S. beer market available. An $18,000+ value th...
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Treasury Wine Estates: Here I Go Again On My Own
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- Suntory Holdings to split beer, spirits division
- Quintessential Brands changes MD at Essential unit