AB InBev quarterly profit increased 3.5 times

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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.

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