Report
Robert Jan Vos

Anheuser-Busch InBev : Providing multiple catalysts for an upbeat investment case

>Q1 2021 beat estimates for volumes, revenue and EBITDA in all regions - Anheuser-Busch InBev (ABI) reported organic volume, revenue and EBITDA growth that beat our expectations and consensus in all regions. When comparing reported EBITDA with our forecasts, the beat was particularly strong in South America, EMEA, and Asia Pacific. Net finance costs were lower than expected. Attributed to a higher-than-expected tax rate, the beat was less strong in ABI’s reported unde...
Underlying
Anheuser-Busch InBev SA/NV

Anheuser-Busch Inbev is engaged in the brewing of beer. Co. manages a portfolio of well over 200 brands that includes brands such as Budweiser, Stella Artois and Beck's; multi-country brands such as Leffe and Hoegaarden; and other brands such as Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler. Co. also produces and distributes soft drinks, particularly in Latin America. Co.'s operations are organized along seven business segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific and Global Export & Holding Companies.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Robert Jan Vos

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