Anheuser-Busch InBev announced a drop in net profit for the first quarter of 2022, although underlying profits and revenue increased.
The world’s largest brewery (with Stella Artois and Budweiser in its portfolio) posted a net profit of $ 95 million in the quarter, up from $ 595 million last year.
The drop is attributed to the $ 1.4 billion impairment of its decision to leave the Efes consortium in Russia.
However, underlying performance improved in the first quarter, with revenue up 11% to $ 13.24 billion and EBITDA up 7.4% to $ 4.49 billion.
For 2022, he expects EBITDA to be higher, according to the medium-term outlook between 4% -8%, with revenues growing at a faster rate.
Source: Capital
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