Brewing corporation AB InBev, following the results of the first quarter, reported about the growth of net profit 3.5 times compared to the same period a year earlier to $3.57 billion. EBITDA, which does not take into account one-time factors, was at the level of 3.84 billion dollars, having increased over the year by 8.9%. Quarterly revenue of $12.59 billion showed a decline in annual terms by 4%. The revenue indicator, which does not take into account currency fluctuations, grew over the year by 5.9%. The volume of products sold during the earnings period decreased slightly, although in organic terms the figure increased by 1.3%. In the region of Europe, the Middle East and Africa, sales grew by 2.4%, in South America - by 5.9%. At the same time, sales declined in North America by 1.2% and in the Asia-Pacific region - by 1.3%. It is reported that the company is planning an IPO of the Asian division, during which it can raise about 70 billion dollars.
Europe Inc’s profit becomes worse in 2020, the effect of Coronavirus24.02.2020
Buffett’s Berkshire regains rising stocks, smashes old record profit18.02.2020
HSBC reports 2019 annual profit, falls 33% short of forecasts04.02.2020
Tesla surges 20%, gets boost from Panasonic’s quarterly profit increase