BRAZIL: Domestic volumes leap drives AmBev in H1
- Profits climb by 6.6% in H1
- Brazilian volumes soar by 12.6%
- Price increases credited with helping Q2 figures
AmBev's domestic volumes drove the impressive figures for H1
The Brazil-based unit of Anheuser-Busch InBev, Companhia de Bebidas das Americas (Ambev) has posted a strong set of results for the first half of this year.
The brewer, which dominates is domestic market, said earlier today (12 August) that profits for the six months to the end of June came in 6.6% up against the same period a year ago at BRL3.16bn (US$1.79bn). Sales rose in the period by 7.2% in reported terms – 14% in organic terms – to BRL11.80bn, as volumes climbed by 9.1%.
EBITDA for the half-year inched up in reported terms by 0.3% to BRL5.18bn, and by 4.7% organically.
For the second quarter of 2010, profits increased by 9.8% to BRL1.51bn, with sales up by 6.2% (reported) at BRL5.68bn.
AmBev noted that it had benefited from price increases across its regions in the second quarter, with net revenue per hectolitre growing by 3% year-on-year.
A 12.6% leap in volumes in Brazil was partly offset by a 5.5% slide in volumes in Canada.
The full press release can be found on AmBev's website, here.
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