Beck's brewer AB Inbev benefits from higher beer prices
Like many of its competitors, the world's largest beer brewer AB Inbev benefited from rising beer prices in the first quarter. Sales rose eight percent to 13.2 billion dollars (12.4 billion euros), the EuroStoxx 50-listed group reported in Leuven on Thursday. Adjusted for the effects of currency translation and acquisitions and disposals, growth was eleven percent, the company said. Almost three percentage points of the increase were due to higher sales volumes and the majority to sales of more expensive brands and higher prices.
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Earnings before interest, taxes, depreciation and amortization (Ebitda), adjusted for special items, rose five percent to $4.5 billion, the company said. The company, which makes brands including Budweiser, Beck's and Stella Artois, also confirmed its forecast. (dpa)
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