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2021-05-06
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Anheuser-Busch InBev Turns To Profit In Q1, Sees Growth In FY21
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Revenue per hl grew 3.7 percent, driven by ongoing premiumization and revenue management initiatives.Total volumes grew 13.3 percent, with own beer up by 14.9 percent and non-beer up by 4.0 percent.Beer volumes were up 2.8 percent from 2019 with healthy revenue per hl growth.Looking ahead for fiscal 2021, the company expects normalized EBITDA to grow between 8-12 percent and revenue to grow ahead of EBITDA from a healthy combination of volume and price.Separately, Anheuser-Busch InBev announced that its Board of Directors has unanimously elected Michel Doukeris, President of AB InBev's North America Zone, to succeed Carlos Brito as Chief Executive Officer effective July 1.Brito will step down after 15 years as CEO and 32 years at the company.In Belgium, Anheuser-Busch shares were trading at 60.88 euros, up 3.73 percent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":405,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/105618936"}
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