AB InBev: shares jump on 'strong' outlook
(CercleFinance.com) - AB InBev shares jumped over 4% in morning trading on Thursday after the Belgian beer giant forecast "strong" results for 2019.
The brewer of Budweiser, Stella Artois and Corona said that its EBITDA increased by 7.9% last year, to 22.1 billion dollars, as a result of premiumization, cost discipline and synergy capture.
The group's EBITDA margin even rose to 40.4%.
AB InBev's revenue grew by 4.8% in the past year, and by 5.3% in the fourth quarter, with beer volumes up 4.5%.
For 2019, the company said it expects to deliver "strong" revenue and EBITDA growth.
AB InBev shares jumped as much as 4.6%, making them the sharpest riser in the Euro STOXX 50 index.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The brewer of Budweiser, Stella Artois and Corona said that its EBITDA increased by 7.9% last year, to 22.1 billion dollars, as a result of premiumization, cost discipline and synergy capture.
The group's EBITDA margin even rose to 40.4%.
AB InBev's revenue grew by 4.8% in the past year, and by 5.3% in the fourth quarter, with beer volumes up 4.5%.
For 2019, the company said it expects to deliver "strong" revenue and EBITDA growth.
AB InBev shares jumped as much as 4.6%, making them the sharpest riser in the Euro STOXX 50 index.
Copyright (c) 2019 CercleFinance.com. All rights reserved.