• Nine-month net profits up 14% to US$6.3bn
  • Net sales YTD rise 5.3% to $35bn
  • Operating profits up 6.9% to $13.48bn
  • Total YTD volumes up 0.8% 
  • Q3 net profits up 5% to $2.3bn
  • Net sales in three months rise 2.3% to $12.2bn
  • Q3 operating profits up 1.3% to $4.7bn
  • Total Q3 volumes slip 2.6% 
A-B InBev has seen healthy YTD profits and sales

A-B InBev has seen healthy YTD profits and sales

Anheuser-Busch InBev has reported a solid rise in nine-month net profits and sales, but third-quarter volumes were held back by Russia. 

The Belgium-headquartered brewer reported that net profits in the nine months to the end of September rose by 14% to US$6.3bn. Sales in the period climbed 5.3% to $35bn. 

Volumes in Q3 slipped by 2.6%. In Russia, the group's own beer volumes fell 20% in the quarter as higher taxes and beer industry regulations took their toll. 

"This quarter was marked by a solid underlying commercial performance in our top markets," the company said today. 

"We believe that the third quarter was a one-off in terms of EBITDA performance, and is not reflective of expected future trends for the business." 

Shares in A-B InBev were this morning trading down 2.57% at EUR84.92 in Brussels

To read the company's full statement, click here

For a detailed look at A-B InBev's performance by region, click here

To read coverage of a post-results conference call with the group's CEO, Carlos Brito, click here