Belgium: AB InBev reports value growth but volume fall in 2015
World-leading brewer AB InBev has posted its financial statements for 2015, revealing a rise in sales but a drop in volume for the full year.
Revenue grew by 6.3% and 7.7% on a constant geographic basis to $43.604 billion, the company reported. Total volumes meanwhile declined by 0.6%, with own beer volumes essentially flat and non-beer volumes down 4.7%.
At the brand level, AB InBev said that global revenues for Budweiser grew by 7.6%, while Stella Artois revenues grew by 12.5%, and Corona revenues increased by 23.0%.
Commenting on the results in a statement, the company said: "In 2015, we not only took significant steps towards building a company that will stand the test of time, but also delivered a year of solid growth and progress against our commercial priorities. Together with our colleagues, customers and commercial partners, and thanks to our consumers’ passion for our great portfolio of brands, we delivered strong organic growth in both top-line and EBITDA".
"With our focus and attention firmly fixed on the long-term, we executed on a series of commercial priorities to keep our business growing, relevant to our consumers and respected by our stakeholders for years to come", the firm added. "We strengthened the connections between our brands and consumers around the world, and expanded our efforts to invest in the wellbeing of the communities in which we live and work. We also announced a proposed transaction with SABMiller to create the first truly global brewer".
Source: AB InBev