Is Budweiser stronger than Corona

Tailwind for Beck's and Co: Beer group AB Inbev increases sales

As of May 6, 2021.

  • AB Inbev: sales in the first quarter better than before the corona crisis
  • Plus of twelve percent compared to the same period of the previous year
  • For 2021, the group expects growth of eight to twelve percent

An increasing demand for beer and the stronger focus on premium brands gave brewer Anheuser-Busch Inbev a tailwind at the start of the year. The bottom line was a profit attributable to shareholders of $ 595 million in the first quarter, as the company announced on Thursday. A year ago, the slump in business as a result of the restrictions at the beginning of the Corona crisis resulted in a loss of billions.

Sales have recently even developed better than before the crisis, said the parent company of brands such as Budweiser, Beck's, Stella Artois and Corona Extra. Sales rose in the first quarter compared to the same period last year by almost twelve percent to 12.3 billion dollars (10.2 billion euros). The adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) increased by eight percent to 4.3 billion dollars and thus more clearly than expected by experts.

CEO Brito is leaving AB Inbev at the end of June

For 2021, the outgoing CEO Carlos Brito is aiming for a growth in operating profit of eight to twelve percent. Brito will leave the brewery group after 32 years and hand over his office to Michel Doukeris at the beginning of July.

This topic in the program: Bremen Eins, Der Tag, May 6, 2021, 11:30 p.m.