Topline Performance
Revenues were broadly unchanged year-over-year at $13.96 billion during the three-month period but exceeded analysts’ forecast. There was a 6.2% organic revenue growth, reflecting the strong sales performance in the key markets.
Revenues were broadly unchanged at $13.96 billion during the three-month period but exceeded analysts’ forecast
Total volumes grew by 2.1% during the quarter to 146.12 million hls, with own beer volumes rising 2.2% and non-beer volumes rising 1.8%. The growth was driven by strong performances in the key markets including Mexico, Brazil, Europe, South Africa, Nigeria, Australia and Colombia.
Outlook
The management said it expects to deliver strong revenue and EBITDA growth in fiscal 2019, driven by the solid performance of the brand portfolio and strong commercial plans. Revenue per hl growth is expected to be ahead of inflation based on premiumization and revenue management initiatives.
The company expects cost of sales per hl to increase by mid-single digits this year, with currency and commodity headwinds offsetting the cost management initiatives. The forecast for net capital expenditure is in the range of $4 million to $4.5 billion.
The average gross debt coupon is expected to be
between 3.75% and 4% in 2019, while net pension interest expenses and accretion
expenses are expected to be about $160 million per quarter.
Shares of Anheuser-Busch have gained 45% since the beginning of the year. They rose about 6% early Thursday, after closing the previous session lower.