AB InBev eyes Hong Kong listing as it misses earnings expectations

Anheuser-Busch InBev , which took over SABMiller in 2016 and is the world’s biggest brewer, says it plans to list its Asia-Pacific business in Hong Kong.

The Asia-Pacific region accounts for about 18% of AB InBev’s total volumes, although volumes in the region declined in the first quarter of 2019, the group said on Tuesday. “Furthermore, our superior portfolio of brands and leadership position in the beer industry provide an attractive platform for potential mergers and acquisitions in the region.”AB InBev said group volumes rose by 1.3% in the first quarter and revenue grew by 5.9% thanks partly to better revenue per hectolitre.

However, “softer volume results” were seen in SA and Argentina, “where the consumer remains under pressure due to challenging macroeconomic conditions”.

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Astral says interim earnings halveHalf-year earnings fell by up to 55% because of higher costs and lower selling prices, sending tthe share lower in early trade
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »