AB-InBev’s net profit falls in third quarter 2015

AB-InBev, which is in the process of taking over rival SABMiller, reported on 30 October 2015 a 45 percent decline in the third-quarter net profit. However, EBITDA improved, along with strong top line results and higher volume.

EBITDA grew 9.6 percent year-on-year to USD 4.40 billion with a margin expansion to 38.7 percent. Organic revenue increased 7.9 percent from last year to USD 12.24 billion, with revenue per hl growth of 6.3 percent, mostly thanks to premiumisation initiatives.

Total volumes increased 1.2 percent in the July-to-September quarter to 120.65 million hl with good volume growth in the U.S., Mexico, and Latin America North. AB-InBev’s own beer volume grew 2.3 percent while that of non-beer volumes fell 6.1 percent.

Volumes of its Focus Brands grew 2.9 percent, driven by strong performances in Mexico, Canada, China and the UK.