BELGIUM: Brazil drags, but YTD sales, profits stay positive for Anheuser-Busch InBev
- Year-to-date net profits inch up by 2.4% to US$5.56bn
- Sales in nine months to end of September increase by 6.8% to $31.48bn
- Operating profits in YTD climb by 7.7% to $11.99bn
- Brewer "not satisfied with top line performance" in 2013
Anheuser-Busch InBev issued its Q3 and YTD results earlier today
Anheuser-Busch InBev has seen its profits return to the black for 2013 so far, despite another tough three months for its operations in Brazil.
The global brewer said earlier today (31 October) that net profits in the first nine months of 2013 rose by 2.4% to US$5.56bn. Total sales in the year-to date also increased, by 6.8% to $31.48bn, as operating profits were up by 7.7% to $11.99bn.
Group volumes in the period fell by 2.1%.
For A-B InBev's third quarter, net profits jumped by 19.6% to $2.21bn as sales rose similarly, by 14.2% to $11.73bn. Operating profits in the three months to the end of September increased by 17.2% to $4.66bn. Volumes dropped by 1.3%.
In Brazil, the group's AmBev unit saw beer volumes fall by 5% in the third quarter and 4.7% in the nine months, due to on-going "weak economy and challenging consumer environment".
In North America, volumes slid by 1.9% in Q3 and by 2.8% in the year-to-date.
"We are not satisfied with our top line performance in 2013 which continues to be impacted by macroeconomic headwinds in a number of our markets," the company said.
Shares in A-B InBev were this morning trading up 2.05% in Brussels at EUR76.08. On the NYSE, the stock prices was down by 1.05% at $103.24.
To read the company's official statement, click here.
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