Budweiser brewer AB InBev powers on in 2010

  • Print
  • Share
  • Comment
  • Save

Cost savings and drinkers in key markets shifting to higher-priced beers helped AB InBev to a strong performance over the past year.

The world’s largest brewer said EBITDA was up more than 10% in 2010 to $13.87bn (£8.53bn). Total sales for the year grew by 4.4% to $36.3bn (£22.3bn).

Despite a continuing decline in its US home market, the company’s flagship Budweiser brand posted its first increase in global volumes for two decades. AB InBev said the increase was thanks in part to the brand’s sponsorship of the 2010 World Cup.

Beer volumes were up in the UK for the year, partially offsetting declines in North America and Western Europe. Overall volumes were up 2.1% throughout the year.

The performance was boosted by cost savings of $620m the company said was generated by the merger of Anheuser-Busch and InBev in 2008.

“Much has been accomplished since the combination of Anheuser-Busch and InBev two years ago,” the company said in a statement.

“With our integration now complete, we have a solid platform in place to take advantage of the exciting opportunities we see for sustainable profitable growth in a global marketplace.

“Our financial results for 2010 showed very good progress in spite of the persistent challenging economic environment in several of our markets. However, there are several areas where we know we can still make progress.”

AB InBev said it would double the dividend it was paying shareholders as a result of the year’s performance.

Read more
Rivals blitz wholesalers to stymie Stella Cidre (19 February 2011)
Beer prices to rocket as cost hikes hit industry (22 January 2011)
AB InBev drinks to Budweiser's World Cup tie-in (12 August 2010)

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • BUDWEISER NEW
  • Print
  • Share
  • Comment
  • Save

Grocer jobs Experts in FMCG

ML Accessories AREA SALES MANAGER

AREA SALES MANAGER - ML Accessories

Good basic salary + excellent bonus opportunity + car + laptop + mobile phone + benefits
Search jobs
Sign in

Newsletter Sign-up

Free

I wish to receive the following newsletters:

For Members

Become a Gold Member to receive these newsletters:

Become a Finance Member to receive these newsletters:

Become a member of The Grocer

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers