Anheuser-Busch InBev : A stronger-than-expected update for Q2 2024, and a conservative outlook
>At group level, solid Q2 2024 results: EBITDA growth of 10% - Due predominantly to Argentina and China, ABI’s volumes decreased by 0.8% in Q2 2024, which was in line with our estimate. EBITDA growth was 10.2% in Q2 2024, ahead of forecasts. The organic EBITDA growth of 7.8% in H1 2024 implies growth at the high end of the 4-8% guidance range for full year 2024. Underlying net profit beat our expectation by some 9% in the quarter. ABI’s net debt and financial leverage...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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