AB InBev has posted organic revenue growth of 11.3% to $14.79 billion for its second quarter, up from $13.54 billion in the same period last year.
In its Q2 results, the Belgium-based brewer recorded organic growth in EBITDA of 7.2% to $5.1 billion.
Meanwhile, the company delivered a 9.7% increase in the combined revenues of its global brands – Budweiser, Stella Artois and Corona – outside of their respective home markets.
The brewing giant saw its own beer volumes grow by 2.7%, while its total volumes grew by 3.4%.
AB InBev recorded revenue growth across markets including the US, Europe and South Africa, with Brazil seeing 26.8% sales growth in Q2.
The company says that the Chinese market is still being impacted by Covid-19 restrictions, which disproportionately affected its key regions and sales channels, resulting in a total revenue decline of 5.1%. However, the operating environment gradually improved throughout the quarter, with the brewer seeing high-single-digit volume growth in June.
AB InBev CEO, Michael Doukeris, said: “Our business delivered sustained profitable growth. Our volume increased by 3.4%, our top-line by 11.3% and EBITDA by 7.2%. The relentless execution of our strategy, the strength of our brands and accelerated digital transformation enabled us to meet the moment in an ongoing dynamic operating environment.”
© FoodBev Media Ltd 2022
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