AB Inbev Reports Third Quarter 2024 Results With Ebitda Up 7.1%
Oct 31 (Reuters) -Anheuser-Busch Inbev SA ABI.BR:
REPORTS THIRD QUARTER 2024 RESULTS
Q3 Adjusted EPS USD 0.98
Q3 REVENUE USD 350 MILLION
DIVERSIFIED GLOBAL FOOTPRINT AND CONSISTENT EXECUTION OF OUR STRATEGY DELIVERED AN EBITDA INCREASE OF 7.1% AND UNDERLYING EPS GROWTH OF 14%
WE ARE CONFIDENT IN OUR ABILITY TO DELIVER ON OUR RAISED FY24 EBITDA GROWTH OUTLOOK OF 6-8% - CEO
IN 3Q24, NORMALIZED EBITDA INCREASED BY 7.1% TO 5 424 MILLION USD WITH A NORMALIZED EBITDA MARGIN EXPANSION OF 169BPS TO 36.0%
IN 3Q24, TOTAL VOLUMES DECLINED BY 2.4%, WITH OWN BEER VOLUMES DOWN BY 3.1% AND NON-BEER VOLUMES UP BY 0.6%.
WE EXPECT OUR FY24 EBITDA TO GROW BETWEEN 6-8%
WE EXPECT NET CAPITAL EXPENDITURE OF BETWEEN 4.0 AND 4.5 BILLION USD IN FY24
CAPITAL ALLOCATION: 2 BILLION USD SHARE BUYBACK PROGRAM
WE EXPECT THE NORMALIZED ETR IN FY24 TO BE IN THE RANGE OF 27% TO 29%
SHARE BUYBACK PROGRAM TO BE EXECUTED WITHIN THE NEXT 12 MONTHS
Source text: ID:nBwbp8YDfa
Further company coverage: ABI.BR
(Gdansk Newsroom)
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