Anheuser-Busch InBev : Q4 2018 better than expected, but nothing new on debt
>Not much new in the guidance - Q4 operating performances were better than expected. Mexico, Colombia, China and Africa remain the group’s growth drivers. The 2019 guidance is for strong growth in sales and EBITDA (as expected) and a slight increase in the cost of net debt (3.7-4.0%) and the tax rate (25-27%). But the announcements on deleveraging are still disappointing: net debt/EBITDA ratio of 4.6x in 2018 versus 4.8x in 2017, and forecast to fall to below 4x at en...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.
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.
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