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BELGIUM: InBev eyes 30% profit margin by 2007

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InBev, the brewer recently formed through a merger between AmBev and Interbrew, is still confident of achieving a 30% profit margin by the end of 2007.

Speaking yesterday at the opening of the new company HQ in Leuven, Belgium, CEO John Brock also said the world's number one brewer by volume was expected to meet 2005 volumes sales targets of two to three times the industry average.

Brock said: "(We want to capture) over the next three years far more than our fair share of the incremental global EBITDA ." He said that this translated into a 30% profit margin.

Brock also told the audience that brewers other than InBev appeared more interested in acquiring the Latin American brewer Bavaria.

Earlier this month, InBev said that its 2004 volumes had soared.

In 2004, InBev realised a total volume of 156.8m hectolitres, 60% higher than the 97.9m hectolitres in 2003. Organic volume growth amounted to 3.2m hectolitres, up by 3.3%, which was approximately double the global industry growth rate, InBev said.


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