BRAZIL: AmBev posts leap in Q2 earnings
Companhia de Bebidas das Americas (AmBev) has reported a 92% year-on-year leap in EBITDA for the second quarter of this year. The brewer today (10 August) posted EBITDA of BRL1.4bn (US$624.1m).
The Latin American brewer - now part of the InBev group, said EBITDA margin for the quarter reached 38.3%. Results in particular were driven by solid growth in volumes and net revenues per hectolitre in Brazil.
Net revenues in Brazil for the three-month period grew by 23.1% compared to the corresponding quarter a year earlier.
The brewer's Hispanic Latin America division saw sales volumes increase by 11.5%, with its markets share in Venezuela reaching an all time high in June of 14.5%.
AmBev's North American division, Labatt, posted EBITDA of BRL384.1m.
Total net revenues were up 69.8% to BRL3.7bn.
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