AB InBev posts record sales in 2024 despite beer volumes slipping

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  • AB InBev posts record sales in 2024 despite beer volumes slipping

AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
That came despite sales sliding 1.4 per cent by volume, with beer volumes down by 1.9 per cent. “While our overall volume performance this year was constrained by the soft consumer environments in China and Argentina, the global beer category remains vibrant with our volumes growing in the majority of our markets and by 0.9 per cent overall when excluding these two countries,” the company said in a statement. — AFP

Source: The Global New Light of Myanmar

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