Consistent execution of our strategy delivered a 5.4% EBITDA increase with margin expansion, and 16% Underlying EPS growth
BRUSSELS--(BUSINESS WIRE)--Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD):
Regulated information1
“The strength of the beer category, our diversified global footprint and the continued momentum of our megabrands delivered another quarter of broad-based top- and bottom-line growth. We are encouraged by our results to start the year, and the consistent execution by our teams and partners reinforces our confidence in delivering on our 2024 growth ambitions.” – Michel Doukeris, CEO, AB InBev
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Total Revenue + 2.6% Revenue increased by 2.6% with revenue per hl growth of 3.3%.
6.7% increase in combined revenues of our megabrands, led by Corona, which grew by 15.5% outside of its home market.
Approximately 70% of our revenue is through B2B digital platforms with the monthly active user base of BEES reaching 3.6 million users.
Approximately 130 million USD of revenue generated by our digital direct-to-consumer ecosystem.
Total Volume - 0.6% Total volumes declined by 0.6%, with own beer volumes down by 1.3% and non-beer volumes up by 3.5%. |
Normalized EBITDA + 5.4% Normalized EBITDA increased by 5.4% to 4 987 million USD with a normalized EBITDA margin expansion of 90 bps to 34.3%.
Underlying Profit 1 509 million USD Underlying profit (profit attributable to equity holders of AB InBev excluding non-underlying items and the impact of hyperinflation) was 1 509 million USD in 1Q24 compared to 1 310 million USD in 1Q23.
Underlying EPS 0.75 USD Underlying EPS was 0.75 USD in 1Q24, an increase from 0.65 USD in 1Q23.
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