AB InBev posts 11.3% organic revenue growth in Q2

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.”