Drinks International - The global choice for drinks buyers
Home
Menu
AB InBev: +5% revenues in first half despite US drop
Published:  28 July, 2017

Global brewing giant Anheuser-Busch InBev (AB InBev) has revealed a 5% revenue increase for the first half of 2017 despite volumes decreasing in the US.

The company, which owns Stella Artois, Corona, Budweiser and 39 others, reported a 1% decline in volume sales in the US, while ‘Latin America south’ grew 12.2% in the first half of 2017.

‘Good’ growth in own beer volumes were also achieved in South Africa, Mexico and Australia, while declines were recorded in the US, Brazil and Colombia.

AB InBev’s total revenue per hl grew 3.2% which it blamed on the company’s push for premiumisation, with total volumes grew 1%.

The combined revenues of its three global brands, Budweiser, Stella Artois and Corona grew by 8.9% in the second quarter of 2017, with Budweiser accounting for 5.7% and 11.7% growth in revenues outside of the US.

Stella Artois revenues grew by 6.6%, driven mainly by growth in Argentina and South Korea, while Corona’s revenues grew 16.6%, with 26.2% growth in revenues outside of Mexico because of strong growth in the UK, Australia and China.