Report
Robert Jan Vos

Anheuser-Busch InBev : Solid 2021, with record volumes and EBITDA close to pre-COVID-19 levels

>On most key lines, Q4 2021 results came in ahead of forecasts - Anheuser-Busch InBev (ABI) reported organic volume growth, revenue growth, and EBITDA growth ahead of expectations for Q4 2021. Underlying net profit and EPS came in ahead of forecasts as well in Q4 2021. Net debt and financial leverage also developed more favourably than expected, and ABI achieved a leverage ratio of below 4.0x for the first time since its combination with SABMiller in 2016. Similar to ...
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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