A-B InBev is on track to get a major boost from next years football World Cup in Brazil

A-B InBev is on track to get a major boost from next year's football World Cup in Brazil

Anheuser-Busch InBev is likely to be through the worst of recent difficult trading in some key markets, with the prospect of Brazil picking up, according to an analyst. 

The Budweiser brewer yesterday reported a rise in nine-month global sales and profits, but global volumes were down. In its statement the company said it is “not satisfied” with its top-line performance. 

But in a note today, Santander analyst Anthony Bucalo said: “We think the worst is likely over and we like the stock into 2014.” 

He added: “We think Brazil weakness is likely to ebb as we get closer to (next year's) World Cup."

Meanwhile, Bucalo said he expected “continued stability” in the brewer's core market of the US, along with expansion in China. 

On Mexico, the analyst forecast sales momentum to get back on track as Q3 was slowed by bad weather, and for cost savings to "exceed expectations".