AB InBev Q4 Earnings Rise; Sets Higher Annual Dividend

Anheuser-Busch InBev SA/NV (AHBIF.PK,BUD), the Belgian drink and brewing major, on Thursday reported a rise in earnings for the fourth-quarter, helped by an increase in revenue with revenue per hl growth of 11.2 percent.

Michel Doukeris, CEO of AB InBev, said: “We delivered all-time high full-year volumes with accelerated revenue per hl, resulting in 11.2% revenue growth and EBITDA growth at the top-end of our outlook…”

For the three-month period, the Leuven-headquartered company registered a profit of $2.844 billion or $1.41 per share, higher than $1.962 billion or $0.98 per share, recorded for the same period of 2021.

Underlying profit stood at $1.739 billion or $0.86 per share as against last year’s $1.484 billion or $0.74 per share.

Normalized income was at $1.965 billion or $0.98 per share, higher than $1.797 billion or $0.90 per share of previous year. Normalized EBIT stood at $3.608 billion, versus $3.650 billion a year ago.

Normalized EBITDA moved up to $4.947 billion from last year’s $4.882 billion.

Revenue rose to $14.668 billion from $14.198 billion of 2021.

The company will pay a full-year dividend of 0.75 euro per share, a 50 percent increase compared with 2021. The dividend will be paid on May 5, to shareholders of record on May 4.

Looking ahead, for full year, the brewer said: “…EBITDA to grow in line with our medium term outlook of between 4-8% and our revenue to grow ahead of EBITDA from a healthy combination of volume and price.”

The company projects a net capital expenditure of $4.5 billion – $5 billion, for the year.

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