Anheuser-Busch InBev to report third quarter results on 3 November

Anheuser-Busch InBev to report third quarter results on 3 November

Anheuser-Busch InBev will report its third quarter results on tomorrow (3 November). Here, just-drinks brings you highlights of the brewer's news in the three months to the end of September.

  • In September, Budweiser retained its place as the world's most valuable alcoholic drink brand, having risen in value by 4% to US$12.25bn in the previous 12 months. The self-styled 'King of beers' came 30th in Interbrand's top 100 global brands.
  • The brewer has been continuing discussions with trade unions over its restructuring plans in Western Europe, which could cut the firm's workforce in the region by 10%. The group has said that it needs to adapt to lower beer consumption in several countries.
  • In August, A-B InBev's subsidiary, AmBev, announced plans to merge its business in Venezuela with the country's second largest brewer, Cerveceria Regional. AmBev is a distant third in a market duopoly in Venezuela and the deal will help it to build a greater presence there. Venezuela's beer market is set to expand by 2% per year in volume and by 4% in value up to 2014.
  • Analysis by just-drinks revealed that A-B InBev's subsidiary in Russia, Sun InBev, regained market share in the country in the first half of 2010. Its volume sales decline in the first half of 2010 was nearly 3% lighter than the average.
  • In its half-year results, A-B InBev saw sales driven by strong demand for beer in Brazil, AmBev's home territory. Volume sales in Brazil rose by 15% on the first half of 2009 and helped the brewer to offset weaker demand in Europe and North America.
  • While not named directly, A-B InBev could be impacted by a fresh Government investigation into beer market practices in Mexico. New of the probe, which was sparked by an SABMiller complaint, emerged in August. A-B InBev has a 50% non-controlling stake in Mexico's leading brewer, Grupo Modelo.