World: AB InBev posts better-than-expected Q4 2024 sales despite annual decline in volumes

The world’s largest brewer AB InBev on February 26 posted better-than-expected fourth-quarter sales despite an annual decline in volumes.

The drinks maker, whose brands include Budweiser, Corona and Stella Artois, reported an 3.4% increase in fourth-quarter revenue to $14.84 billion, versus the 2.9% decline to $14.05 billion forecast by LSEG analysts.

Full-year sales rose by 2.7% to $59.77 billion, compared to the $59.3 billion performance expected by analysts.

Total volumes declined 1.9% in the quarter and 1.4% over the full-year stretch, which the company largely attributed to weak demand in China and Argentina.

The decline in volumes was led by lower demand for the group’s beer products, compared with its non-beer brands, such as its cocktail products Cutwater Spirits and Brutal Fruit Spritzer.

The company nevertheless said it was confident about the continued resilience of global beer demand.

Looking ahead, it said it was targeting earnings before interest, taxes, depreciation, and amortization (EBITDA) growth in 2025 in line with the company’s medium-term outlook of between 4% to 8%.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .