AB InBev Organic Revenue Q4 10.2%

Corrections and additions

This title was corrected at 0630 GMT. The original misspelled “AB InBev organic sales growth of 10.2% in Q4.”

Corrections and additions

This title was corrected at 0630 GMT. In an earlier version, the currency was incorrectly listed as the pound.

Michael Susin


Anheuser-Busch InBev SA said on Thursday that its fourth-quarter net income beat market expectations on top-line growth despite falling volumes and increased its dividend payout.

The world’s largest brewer, with a portfolio of Stella Artois and Budweiser brands, posted net income of $2.84 billion, up from $1.96 billion in the same period a year ago, beating the consensus estimate of $2.20 billion, taken from FactSet and based on estimates from four analysts.

Revenue was $14.67 billion, compared to $14.20 billion and above the $14.41 billion consensus taken from FactSet and based on 10 analyst forecasts. Organic revenue growth was 10.2%, while organic volumes fell 0.6% compared to expected growth of 11% and 2.1%, respectively, according to the consensus provided by the company.

Normalized earnings before interest, taxes, depreciation and amortization rose to $4.95 billion from $4.88 billion, the report said. The normalized Ebitda consensus was $4.72 billion, taken from FactSet and based on estimates from three analysts.

The Board declared a dividend of 75 European cents (80 US cents) from 50 cents the previous year.

Looking ahead, the group expects Ebitda to rise in line with the medium-term forecast of between 4% and 8%, with revenue growing faster than Ebitda, supported by a healthy combination of volume and price.


Email Michael Susin at [email protected]


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