Source : EuropeanMarkets
Management Comments :
We delivered solid EBITDA growth of 9.6% in the third quarter, with EBITDA margin up 58 bps to 38.7%. This result was driven by a robust top line performance, as well as the benefit of a favorable comparable following a very challenging 3Q14 when our results were affected by several one-off events in the US, Brazil and Mexico.
Strong topline growth of 7.9% during the quarter was driven by revenue per hl growth of 6.3%, and good volume growth in the US, Mexico and Latin America North. We are particularly pleased with the performance of our Global Brands which delivered double digit volume and revenue growth.
On 13 October 2015, the boards of AB InBev and SABMiller announced that they had reached an agreement in principle on the key terms of a possible recommended offer to be made by AB InBev for the entire issued and to be issued share capital of SABMiller (the “Possible Offer”). Under the terms of the Possible Offer, SABMiller shareholders would be entitled to receive GBP 44.00 per share in cash, with a partial share alternative available for approximately 41% of the SABMiller shares.
Volume and Revenue:
We are amending our guidance. Our previous guidance was for revenue per hl to grow organically in line with inflation, on a constant geographic basis, as a result of our revenue management initiatives and continued improvements in mix. We now expect revenue per hl will grow ahead of inflation due to higher than expected premium brand volumes
Source : Press Release Anheuser Busch Inbev SA, Brussels (Belgium) November 9, 2015
Management Comments :
We delivered solid EBITDA growth of 9.6% in the third quarter, with EBITDA margin up 58 bps to 38.7%. This result was driven by a robust top line performance, as well as the benefit of a favorable comparable following a very challenging 3Q14 when our results were affected by several one-off events in the US, Brazil and Mexico.
Strong topline growth of 7.9% during the quarter was driven by revenue per hl growth of 6.3%, and good volume growth in the US, Mexico and Latin America North. We are particularly pleased with the performance of our Global Brands which delivered double digit volume and revenue growth.
On 13 October 2015, the boards of AB InBev and SABMiller announced that they had reached an agreement in principle on the key terms of a possible recommended offer to be made by AB InBev for the entire issued and to be issued share capital of SABMiller (the “Possible Offer”). Under the terms of the Possible Offer, SABMiller shareholders would be entitled to receive GBP 44.00 per share in cash, with a partial share alternative available for approximately 41% of the SABMiller shares.
Volume and Revenue:
We are amending our guidance. Our previous guidance was for revenue per hl to grow organically in line with inflation, on a constant geographic basis, as a result of our revenue management initiatives and continued improvements in mix. We now expect revenue per hl will grow ahead of inflation due to higher than expected premium brand volumes
Source : Press Release Anheuser Busch Inbev SA, Brussels (Belgium) November 9, 2015
