Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “AB InBev has managed to pour out impressive results despite a sharp drop in volumes in China and weakness in Argentina.”.
Overall, AB InBev said underlying operating profits rose 8.2% to 20.96 billion US dollars (£16.58 billion) in 2024.
Corona and Stella Artois giant AB InBev has toasted record annual sales despite ongoing trading troubles in China.
In the fourth quarter alone, it saw organic operating profits rise 10.1% to 5.23 billion dollars (£4.14 billion), beating analyst forecasts of 7.7%, and helping shares in the group rise 8%.
The Belgium-based group – the world’s biggest brewer – said revenues rose 0.7% to an all-time high of 59.77 billion US dollars (£47.27 billion) in 2024.
