Highlights of AB InBev’s first-quarter results:
“We appreciate all the hard work of our 120,000 colleagues around the world, which has led to strong results in a difficult environment,” said Carlos Brito, CEO. “I’m especially encouraged by our progress in integrating Anheuser-Busch. We’re moving quickly to capture our synergy goals, and achieved $295m of synergies in Q1. Importantly, we continue to gain market share in the US.
“2009 is off to a good start, but we recognise that many challenges remain. While our business continues to show resilience in a tough global, macroeconomic environment, we recognise the challenging operating landscape for the rest of the year. We continue to be very focused on integrating the Anheuser-Busch business and de-leveraging the company by delivering on our synergy and cash flow goals. At the same time, we remain committed to investing significant financial and marketing resources on our Focus Brands to drive sustained profitable growth.”
Source: Anheuser-Busch InBev
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