Brewer AB Inbev benefits from Football World Cup

27-Jul-2018 - Belgium
The world's largest brewer AB InBev benefited from the World Cup and good business in Latin America in the second quarter. However, there were problems in Europe and the USA. Adjusted for currency effects and the consequences of sales and acquisitions, sales rose by almost five percent to 14 billion US dollars (12 billion euros), the supplier of brands such as Beck's, Budweiser, Corona and Stella Artois announced on Thursday in Leuven, Belgium.
Earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted for special effects, rose by seven percent to $5.6 billion. However, with a market value of 184 billion euros, the most valuable company in the euro zone fell short of experts' expectations in terms of both growth and operating profit.

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