Report
Wim Hoste

AB INBEV - Investor seminar brings fresh 4-8% medium term EBITDA growth guidance ABI BB

We welcome the transparency offered by ABI’s decision to set a medium term organic EBITDA growth guidance range of 4-8%. At its Investor Seminar, ABI was also outspoken about the ability to grow with both Beer and Beyond Beer. We continue to appreciate AB InBev for its leadership position in the global beer industry, premium profitability and decent LT growth prospects coming from its sizeable emerging/ developing markets businesses, premiumization & digitization initiatives. Valuation is attractive and we maintain our BUY and € 80 TP.
Underlying
AB SA

AB Spolika Akcyjna is adistributor of IT and consumer electronics in the region of Central and Eastern Europe. Co. operating mainly in Poland, the Czech Republic and Slovakia is a strategic distribution partner for most of the world's manufacturers of new technologies, selling their products to more than 16 thousand business partners. Co.'s regular offer includes above 70 thousand products of more than seven hundred brands from all over the world. The business of Co. is split into: wholesale trade in computer, telecommunications, multimedia and electronic equipment; retail trade in computer hardware; and personal computer manufacturing.

Provider
KBC Securities
KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

 

Analysts
Wim Hoste

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