Anheuser-Busch InBev reports revenue increase
Anheuser-Busch InBev reports revenue increase
Oct 31, 2012 6
(TheDrinksBusiness) - Anheuser-Busch InBev NV, the world’s biggest brewer, said its third quarter revenues rose by 9.1% despite a decrease in the overall global volumes of sales.
In the UK beer volumes, excluding cider, decreased by 6.3% in the third quarter and have decreased by 8.7% in the first nine month of 2012.
In China, beer volume grew by 2.2% with AB InBev’s “focus brands” of Budweiser, Harbin and Sedrin increasing by 9.2% in the quarter.
The company also said that good weather in the US had helped towards an “encouraging improvement in 2012”, after “three challenging years”. The brewer’s Bud Light Platinum, Bud Light Lime Lime-A-Rita and Michelob Ultra brands made share gains in the US, but these were offset by losses by other brands including Budweiser.
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