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.