Anheuser-Busch InBev : Solid Q3 2023 results; outlook reiterated; $ 4bn buyback of bonds/shares
>Volumes soft, but EBITDA and EBITDA growth ahead of forecasts in Q3 2023 - ABI reported soft volumes (-3.7%), predominantly attributable to Bud Light in the US in Q3 2023. From the trough performance (May 2023), Bud Light’s market share improved by 1pp, to a loss of about 4.6pp, based on the most recent market data. Organic revenue and EBITDA growth came in higher than expectations in Q3. North America and Asia Pacific reported EBITDA below our forecasts, but all oth...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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