AB InBev’s debt belly needs more than fizzy growth dasha_reuters
Anheuser-Busch InBev said on May 7 its revenue was $12.6 billion in the first quarter of 2019, with organic growth of 5.9 percent year-on-year, driven by healthy volume growth and the global shift to higher-priced brands. Revenue growth beat the consensus forecast of 5.1 percent supplied by the company.
Organically, volumes at the world’s biggest brewer grew 1.3 percent but declined in North America, Middle America and Asia Pacific. The 133 billion euro beer maker confirmed it was looking at listing a minority stake of its Asian business on the Hong Kong stock exchange, but said reaching its end-2020 net-debt-to EBITDA target of four times was not contingent on the transaction.
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