AB InBev 4Q Net Profit Leaps on Lower Finance Costs; Sees Better 2021 Earnings
February 25 2021 - 1:58AM
Dow Jones News
By Ian Walker
Anheuser-Busch InBev SA on Thursday reported a rise in
fourth-quarter net profit as it booked much lower finance
costs--beating market forecasts--and said that it expects to report
improved earnings for 2021 compared with 2020.
The world's largest brewer--with brands such as Budweiser,
Stella Artois and Corona--said own-beer volumes rose 1.8% in the
fourth quarter on an organic basis. North America fell 0.7%, South
America rose 11.4% and Asia Pacific fell 3.1%.
For the quarter, AB InBev made a net profit of $2.27 billion,
compared with $114 million a year earlier and a consensus of $2.63
billion, taken from FactSet and based on four analysts'
forecasts.
Normalized earnings before interest, taxes, depreciation and
amortization--one of the company's preferred metrics, which strips
out exceptional and other one-off items--was $5.07 billion,
compared with $5.34 billion a year earlier and a consensus of $4.70
billion, taken from FactSet and based on five analysts'
forecasts.
Revenue for the quarter was $12.77 billion, down from $13.33
billion, and compared with forecasts of $12.65 billion taken from
FactSet and based on nine analysts' estimates. On an organic basis,
revenue was up 4.5%, the company said.
The board has declared a dividend of 50 European cents (60.85
U.S. cents).
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 25, 2021 01:43 ET (06:43 GMT)
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