AB InBev sells less, earns more | RetailDetail

AB InBev sells less, earns more

AB InBev sells less, earns more

Brewery group AB InBev has sold 1.2% less in the second quarter of 2013 than in the same period of 2012. The company did see its turnover rise by 3.9%, because the income of a hectolitre rose by almost six percent.

Mexico makes growth happen

Between early April and late June 105.870 million hectolitre left the breweries of AB InBev, 1.2% less on a comparable basis than in the same period of last year. In absolute numbers there still was a growth of more than 4%, as the activities of Mexican Grupo Modelo were included as of 4 June.

 

In the region North America volumes dropped 1.8% to 32.369 million hectolitre. Especially in the US sales were influenced by bad weather conditions and by persisting pressure on the income of the consumer.

 

In Latin America the volume was 1.5% lower at 26.932 million hectolitre. Sales mainly decreased in Brazil, despite the influence of the Confederations Cup football. The biggest country of South America also witnessed a growing pressure on consumer income.

 

In most other regions people also seemed to drink less beer, even in the growth markets. In Western Europe the volume sold was 7% lower, in Central and Eastern Europe 6.1%. In Asia only China broke the trend with a growth of 5.1%.

 

Higher beer prices makes turnover rise

Still the turnover of AB Inbev increased by 3.9% to 10.587 billion dollar, just under 8 billion euro. The proceeds per hectolitre rose by 5.8% in the second quarter. AB InBev expects this higher price per hectolitre to remain for the rest of the year.

 

Incidentally, the rise in price was higher than the rise in costs. Those went up by 3.8% per hectolitre in the second quarter. This helped to increase net profits from 1.940 billion dollar (1.5 billion euro) to 7.485 billion dollar (5.6 billion euro). Those numbers show a distorted image, because of the fiscal revaluation of the investment in Grupo Modelo.

Questions or comments? Please feel free to contact the editors


Adidas wants to strengthen bond with small retailers

15/07/2018

German sportswear giant Adidas says it wants to strengthen its bond with small-scale retailers after they claimed Adidas is too aggressive in pushing its web shop, especially as they feel the brand is favouring large international chains as well.

Several candidates to take over Men at Work

12/07/2018

There are several takeover candidates for both the Dutch and the Belgian stores of the bankrupt clothing chain Men at work. The curator is confident an agreement should be reached today in Belgium.

Burberry sales increases thanks to new strategy

11/07/2018

The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

FNG moves to Brussels stock exchange

06/07/2018

Belgian fashion group FNG has collected 60 million euros by issuing new shares. The new shares will be traded on the Amsterdam Stock Exchange and - for the first time - on the Brussels Stock Exchange as well.

Athleteshop ends its run

02/07/2018

Dutch sports web shop Athleteshop has filed for bankruptcy, after an abysmal year in which strings of complaints led to all sorts of problems. Social media and review sites were flooded with customers complaining about late deliveries.

Alibaba goes Turkish with stake in Trendyol

29/06/2018

Alibaba is the new strategic partner of Trendyol, one of the best-known e-commerce companies in Turkey. With this partnership, the Chinese retailgroup strengthens its presence in Europe.