Anheuser-Busch InBev : Light Q4 2023 results; disappointing dividend; 2024 outlook as expected
>Results below forecasts on most operational lines; meagre dividend of € 0.82 - ABI’s volumes decreased 2.6% in Q4 2023, below our estimates and consensus. Most regions disappointed. Sales growth was 6.2% organically, in line with estimates. Organic EBITDA growth was 6.2% in Q4 2023, ahead of estimates. However, absolute EBITDA fell short 6-7%. North America and South America mainly disappointed. Underlying EBIT fell short 8-10%. Lower-than-expected finance costs and ...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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