Expensive brands in demand: Beck's brewer AB Inbev posts significant gains
The world's largest brewing group AB Inbev benefited last year from high demand for the company's more expensive beer brands. Sales climbed a good six percent to just under $58 billion (54.5 billion euros) in 2022, the maker of brands such as Beck's, Budweiser and Stella Artois announced in Leuven on Thursday. In organic terms - i.e. adjusted for the effects of the strong dollar and the effects of acquisitions and disposals of parts of the company - growth was around eleven percent.
Foto von Fábio Alves auf Unsplash
Adjusted for special effects, earnings before interest, taxes, depreciation and amortization (Ebitda) rose organically by slightly more than seven percent to almost 20 billion dollars - unadjusted, the increase was around three percent. The Group thus performed slightly better than experts had expected. In the current year, AB Inbev is targeting an organic increase in operating profit of four to eight percent.
Experts had previously envisaged an increase of just under eight percent.(dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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