AB InBev surpasses pre-pandemic revenue with 27.6% organic growth
AB InBev reported organic revenue growth of 27.6 percent to $13.53 billion in the second quarter.
The Belgium-based group also posted earnings before interest, taxes, depreciation, and amortization (EBITDA) increase of 31 percent to $4.84 billion in the second quarter, prompting it to predict an EBITDA growth between 8 to 12 percent during the fiscal year 2021.
The combined revenues of the group's global brands: Budweiser, Stella Artois, and Corona increased by 23 percent globally and by 19.3 percent outside of respective home markets.
The US, Europe, and South Africa provided AB InBev with increased volume growth. However, China’s beer consumption dropped by 4.6 percent.