Report
Robert Jan Vos

Anheuser-Busch InBev : Q2 a demonstration of strength and depth of ABI’s portfolio

>North American division the only operational dissonance in Q2 2023 - Apart from North America which, in line with expectations, reported downbeat results, ABI delivered solid performances in its other four divisions. Group growth in volumes, revenue and EBITDA all came in higher than our forecasts, emphasising the strength and breadth of ABI’s portfolio, in our view. The US market share has stabilised (albeit at a 5pp lower level) and ABI’s next step is to recover th...
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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