Budweiser beer at IgA store in Montreal, Quebec, Canada, on Tuesday, February 4, 2025.
Bloomberg | Getty Images
The world’s largest brewer shares Ab ubev On Wednesday, he jumped more than 8% after the company posted better than expected sales in the fourth quarter, despite the annual drop in quantity.
The beverage manufacturer, whose brands include Budweiser, Corona and Stella Artois, reported an increase of 3.4% of revenue in the fourth quarter at $ 14.84 billion, compared to 2.9% drop to $ 14.05 billion by LSEG analyst.
The shares were slightly compared during the morning session and are last by 6.88% until 9:45 am in London.
The entire sales increased by $ 2.7% to $ 59.77 billion, compared to performance of $ 59.3 billion by analysts.
The total quantity decreased by 1.9% in the quarter and 1.4% throughout the year, which the company largely attributed poor demand in China and Argentina.
Executive director Michel Doukeris said to CNBC that the fall on two markets are “very abnormal” and attributed them to industrial weakness that is valid in consumer feelings. He added that the company expects to recover this year.
The decline in volume was led by a lower demand for the beer products of the group, compared to its brands that are not harvest, such as its cocktail water cutting products and brutal fruit spritzer.
The company, however, said it was convinced of continuous resistance to global beer demand.
“The market momentum is good,” Doukeris said. “The reality is that the category is very lively.”
Looking in advance, Doukeris said the biggest concern for 2025. “Definitely FX [foreign exchange]”Submit into force of dollars. However, he rejected his worries about the prospect of US tariffs to work.
“We don’t think we’ll have big topics we’ll talk about this year in terms of tariff,” he said. “There are always secondary influences, but we look at it, developing events and we are ready to use other levers that we need to make up for the costs if we have them.”
The company targets the earnings before growth of interest, tax, depreciation and depreciation (EBITDA) 2025. In accordance with the medium -sized prints of the company between 4% and 8%. Guidelines come after EBITDA has increased by 10.1% in the fourth quarter and 8.2% throughout the year.
Global drink markets are facing switching out of consumer habits, including a trend to lower alcohol consumption.
Last month Danish brewer Carlsberg he said that, while he still sees a “Long -term future” For beer products, the company also accepted other categories of drinks to increase resistance. About a third of Carlsberg’s portfolio is now consisting of soft drinks, with respect to the company Recent acquisition Britvic -alcoholic beverage manufacturers.
Doukeris described the shift according to alcohol moderation as a “global trend”, but said that the increase in non -alcoholic products opens up more consumer consumption and more drinking opportunities. He also pointed to the lower calories of non -alcoholic beer calories compared to, for example, soda and other non -alcoholic beverages, saying that it triggered demand among health consumers.
“Most consumers are beer lovers,” he said. “Now they have the opportunity to enjoy a beer repeatedly.”
