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Revenue rose 5 percent organically — that is, taking into account exchange rate changes and the effects of buying and selling parts of the company — brewers including Beck’s, Budweiser and Stella Artois said Tuesday in Leuven, Belgium. The group confirmed the annual forecast.
Special effects-adjusted earnings before interest, taxes, depreciation and amortization (EBIT) rose 2.2 percent to just over $5.4 billion; The organic increase was 4.1 percent. As a result, AB Inbev earned $1.47 billion, an increase of 2.7 percent compared to the same quarter last year. Overall, the key figures roughly correspond to analysts’ expectations.
The brewer also announced a cash offer of up to $3 billion in voluntary bonds and a $1 billion share repurchase program.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
