reports
Anheuser-Busch In Bev SANV: 1 director
A director at Anheuser-Busch In Bev SANV sold/sold after exercising options 34,935 shares at 57.500EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's...
- Emira Sagaama
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
SREN SWISS RE AG
ADS ADIDAS AG
GFC GECINA SA
LISN CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG
BAYN BAYER AG
01913 PRADA S.P.A.
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
INX IMCD N.V.
VACN VAT GROUP AG
ABI ANHEUSER-BUSCH INBEV SA/NV
NEOEN NEOEN S.A.
CPR DAVIDE CAMPARI-MILANO N.V.
AM DASSAULT AVIATION
- Emira Sagaama
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
SREN SWISS RE AG
ADS ADIDAS AG
GFC GECINA SA
LISN CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG
BAYN BAYER AG
01913 PRADA S.P.A.
EVK EVONIK INDUSTRIES AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
INX IMCD N.V.
VACN VAT GROUP AG
ABI ANHEUSER-BUSCH INBEV SA/NV
NEOEN NEOEN S.A.
CPR DAVIDE CAMPARI-MILANO N.V.
AM DASSAULT AVIATION
- Robert Jan Vos
- Wim Hoste
AB InBev Feedback conference call
Below are the highlights from the conference call. Despite weaker than expected 4Q volumes (-1.9% y/y), ABI reported 10% organic EBITDA growth which was 3% above our forecast and 2% above CSS. FY25 guidance of 4-8% organic EBITDA growth is in line with mid term guidance. We still see ABI as the undisputed leader in the beer space, with leading market shares in many markets, ongoing digitization and premiumization trends allowing to generate healthy free cash flows. Valuation remains attractive w...
- Konrad Zomer
AI AIR LIQUIDE SA
IPN IPSEN SA
BVI BUREAU VERITAS SA
DB1 DEUTSCHE BOERSE AG
BN DANONE SA
ADEN ADECCO GROUP AG
WKL WOLTERS KLUWER NV
EOAN E.ON SE
REE RED ELECTRICA CORP. SA
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
DTE DEUTSCHE TELEKOM AG
ASM ASM INTERNATIONAL N.V.
ITX INDUSTRIA DE DISENO TEXTIL S.A.
AENA AENA SME SA
CLNX CELLNEX TELECOM S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
JDEP JDE PEET'S NV
STLA STELLANTIS N.V.
- Konrad Zomer
AI AIR LIQUIDE SA
IPN IPSEN SA
BVI BUREAU VERITAS SA
DB1 DEUTSCHE BOERSE AG
BN DANONE SA
ADEN ADECCO GROUP AG
WKL WOLTERS KLUWER NV
EOAN E.ON SE
REE RED ELECTRICA CORP. SA
FRE FRESENIUS SE & CO. KGAA
HEI HEIDELBERGCEMENT AG
DTE DEUTSCHE TELEKOM AG
ASM ASM INTERNATIONAL N.V.
ITX INDUSTRIA DE DISENO TEXTIL S.A.
AENA AENA SME SA
ABI ANHEUSER-BUSCH INBEV SA/NV
JDEP JDE PEET'S NV
- Robert Jan Vos
- ING Helpdesk
Benelux Morning Notes
AB InBev: Cash is King. Adecco: 4Q24 result beats by 6%, stabilising trends in 4Q24, balance sheet relief. ASM International: 1H25 guidance slightly better but orders missed in 4Q24. Colruyt: Expects to open OKay stores on Sundays. Deceuninck: Soft FY24 results due to Turkey. DEME Group: Strong FCF. JDE Peet's: Mean green beans. Kinepolis: Peer AMC 4Q24 results. NEPI Rockcastle: Strong performance at all levels. Wolters Kluwer: FY24 results; in line, new CEO in 2026
- Guy Sips
- Kristof Samoy
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Hoste
AB InBev FIRST LOOK: 4Q: weak volume, solid EBITDA - FY25: +4-8% EBITD...
Despite weaker than expected 4Q volumes (-1.9% y/y), ABI reported 10% organic EBITDA growth which was 3% above our forecast and 2% above CSS. FY25 guidance of 4-8% organic EBITDA growth is in line with mid term guidance. We still see ABI as the undisputed leader in the beer space, with leading market shares in many markets, ongoing digitization and premiumization trends allowing to generate healthy free cash flows. Valuation remains attractive with EV/EBITDA25e at 8.9x and FCF yield25e at 7.3% a...
AB InBev Reports Full Year and Fourth Quarter 2024 Results
BRUSSELS--(BUSINESS WIRE)-- Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD): This press release features multimedia. View the full release here: Figure 14. Terms and debt repayment schedule as of 31 December 2024 (billion USD) (Graphic: Business Wire) Regulated and inside information1 “Beer is a passion point for consumers and a vibrant category globally. The strength of our 2024 results is a testament to the consistent execution of our strategy and the hard work and dedication of our people. We delivered EBITDA growth at the top-end of our outlook and a step change in our...
AB InBev publie les résultats de l’exercice et du quatrième trimestre ...
BRUXELLES--(BUSINESS WIRE)-- Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD): Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Tableau 14. Echéancier de remboursement des dettes au 31 décembre 2024 (milliards d'USD) (Graphic: Business Wire) Information réglementée et privilégiée1 « La bière est une véritable passion pour les consommateurs et une catégorie dynamique à l’échelle mondiale. La solidité de nos résultats en 2024 témoigne de l’exécution cohérente de notre stratégie ainsi que du travail acharné et du dévouement de nos équ...
- Reg Watson
- CFA
US beer market/Trumped up beer
We have been Sellers of Heineken for the past four years and Holders of AB InBev for an even longer period of time. Following the share price underperformance of both companies, we upgrade Heineken to a HOLD and AB InBev to a BUY. We believe the market is overly penalising Heineken for the threat of US tariffs on imported beer while failing to price in the upside which would accrue to AB InBev if the tariffs are implemented.
- Baptiste Salaville
- Stefano Toffano
- Baptiste Salaville
- Stefano Toffano
- Robert Jan Vos
- Hilde Van Boxstael
- Kristof Samoy
- Michiel Declercq
- Thomas Couvreur
- Wim Hoste
- Wim Hoste
AB InBev King of beers but growth rates coming down
ABI's organic volume growth has been negative in 2023 and 2024E. Whilst part of the poor volume performance stems from the US Bud Light woes, we wonder what the role of price elasticity and structural changes in consumer habits might be and decided to lower our structural volume growth forecast until the end of the decade to only 1%. Taking into account persistent negative FX headwinds, we forecast a 3.5% adjusted EBITDA CAGR until 2030, or +4% on an organic basis (at the low end of the mid term...
- Guy Sips
- Hilde Van Boxstael
- Michiel Declercq
- Wim Hoste
- Wim Lewi
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