AB InBev exceeds pre-pandemic revenue with 27.6% growth to $13.53B

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World’s biggest brewer AB InBev scraps dividend despite growth in revenue in Q3

The world biggest brewer, Anheuser-Busch InBev (AB InBev), reported a strong performance in its second-quarter results after organic revenue grew by 27.6% to $13.53 billion, despite the ongoing impact of the Covid-19 pandemic.

AB InBev’s premium portfolio grew by 28% in 2Q21 with its global brands – Budweiser, Stella Artois and Corona – delivering 19.3% revenue growth outside their home markets, where they typically command a price premium.

The brewer saw its own beer volume grow by 20.5%. Additionally, its ‘Beyond Beer’ business continued to rise, with a growing revenue of 45% in Q2, delivering an average gross profit per hl that is 20% higher than the firm’s traditional beer business.

World’s biggest brewer AB InBev scraps dividend despite growth in revenue in Q3

Africa excluding South Africa: Underlying consumer demand for its brands remains resilient in many of their markets, though the operating environment remains challenging due to ongoing COVID-19 related restrictions. AB InBev grew top-line ahead of pre-pandemic levels in the majority of its key markets, with double-digit beer volume
growth versus 2Q19 in Nigeria, Mozambique and Zambia.

Michel Doukeris, CEO commented:

“The consistent execution of our commercial strategy – centred around winning brands, category development and digital transformation – delivered continued momentum in the second quarter with top-line growth 3.2% ahead of 2Q19 pre-pandemic levels, even in light of ongoing COVID-19 impacts. Looking forward, we will continue to build upon our customer- and consumer-first approach to drive growth and value creation.”