AB InBev Says 4Q Net Profit Soared; Expects Strong Year Ahead
March 01 2018 - 1:53AM
Dow Jones News
By Ian Walker
Anheuser-Busch InBev SA (ABI.BT), the world's largest brewer by
sales, on Thursday reported a significant rise in fourth-quarter
net profit after booking lower costs, and said it expects to
deliver strong growth for the year ahead despite a softer first
quarter due to stronger comparatives.
The maker of Budweiser, Stella Artois and Corona made a net
profit for the quarter ended Dec. 31 of $3.04 billion compared with
$400 million a year earlier, on revenue that rose to $14.60 billion
from $14.20 billion.
Total volumes sold rose 1.6% in the quarter to 146 million
hectoliters, with own-beer volumes 2.3% higher at 126.8 million
hectoliters.
Normalized earnings before interest, taxes, depreciation and
amortization--the company's preferred profit measure which strips
out exceptionals and other one-off items--rose 21% to $6.19
billion.
The board has declared a final dividend of 2 euros ($2.44) a
share, taking the total payout for the year to EUR3.6 a share.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 01, 2018 01:38 ET (06:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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