AB InBev net profit halved in 2020
Global revenues down 3.7% to $ 46.9 billion
The AB InBev Group, the world's largest beer producer, in 2020 saw a net profit of $ 3.8 billion, halved compared to 2019, due to the drop in consumption caused by the Covid-19 pandemic. The giant owner of brands such as Budweiser, Stella Artois and Corona, presenting the data, communicated that revenues, excluding the impact of acquisitions and disposals, fell by only 3.7% to 46.9 billion dollars, thanks to prices of higher sales and the good results that emerged in the fourth quarter with a recovery in sales volumes. Ebitda stood at $ 17.3 billion, down 13%, and overall volumes for the whole of 2020 fell by 5.7%.
“In an extremely busy year, our teams have been up to par", according to Carlos Brito, CEO AB InBev. "We ended the year with momentum in our key markets by leveraging our core strengths as a company and capturing the benefits of the investments we have had for several years in our fast growing portfolio and platforms, such as Bees and Zé Delivery. We are now more closely connected than ever to the more than 6 million customers and 2 billion consumers we serve around the world through our clear business strategy, renewed innovation process, digital platforms and continued operational excellence".
The group pushed up the volumes of beer sold by 1.6% in the last quarter of the year, with signs of recovery that AB InBev expects also in 2021 with better sales and profits, signaling that the pressure on margins will continue thanks to the increase in the prices of raw materials and the increase in the cost of packaging for drinks consumed at home. Analyzing the data, beverage volumes decreased in all regions of the world in 2020 with the exception of Central and South America with performance rebounding in key markets such as Brazil and Mexico in the fourth quarter, while Europe and Asia were particularly affected, for a volume of drinks sold decreased by 5.7%.
EFA News - European Food Agency