Tag Archives: AB Inbev

AB InBev UK rebrands with name change

Anheuser-Busch InBev (AB InBev) has announced a name change in the UK to Budweiser Brewing Group UK&I. AB InBev which has a long list of strong internationally recognizable brands including Stella Artois, Budweiser, Corona, Michelob Ultra, Bud Light, Beck’s, among others said that it decided on Budweiser because it is the company’s most globally recognizable brand, according to an emailed statement.

AB InBev reorganizes board; appoints new board chairman, others

Anheuser-Busch InBev has announced the appointment of Martin Barrington as its new board chairman. Mr Barrington, a former chief executive officer of cigarette maker Altria Group, a major shareholder of AB InBev with 10.2% stake, has been on the company’s board since 2016.

AB InBev posts weak results amid low consumer demand, hedging losses

AB InBev on Thursday reported a 15% decline in profit for the full year 2018, to $6.8bn. The brewing giant put the blame on consumption contraction in key markets – Brazil, Argentina, United States and South Africa as well as hedging losses linked to its share-based payment programs.

The company said that total beer volumes fell by 7.43%, although combined revenues of its three global beer brands – Budweiser, Stella Artois and Corona grew by 9%.

The company said that full year revenue declined by 3% to $54.6bn from $56.4bn in 2017.

AB InBev suffers Moody’s credit rating downgrade as it struggles to pare down huge debt

Anheuser-Busch InBev’s credit rating has been slashed to the lowest tier of investment-grade, according to Moody’s Investors Service, which warned that the company is struggling to reduce its $100bn debt load.

The credit rating firm said it lowered the brewer’s Senior Unsecured debt ratings to Baa1 from A3, putting the company three levels away from junk rating, Moody’s said on Monday.

AB InBev profit takes a knock amidst sales decline

Anheuser-Busch InBev said its profits for the third quarter of 2018 fell 37.4% to $1.6bn from $2.6bn in the prior year, and declined 11.7% to $5.2bn from $5.9bn in the nine months to the end of September. The drop came amidst a 10% drop in third quarter revenue to $13.2bn and a 3.5% decrease in nine months sales to $40.4bn.

Int’l Breweries unveils new N90bn brewery in Sagamu

International Breweries Plc, has commissioned its N90bn ($250m) state-of-the art brewery in Sagamu, Ogun State.

The brewer which is the Nigerian subsidiary of Anheuser-Busch InBev has promised to create 600 direct and over 2000 indirect jobs along the value chain.

Nigeria’s President, Muhammadu Buhari, who commissioned the plant on Tuesday restated the government’s commitment to securing the business environment so that foreign direct investment (FDI) could flow into the country.

International Breweries sets August 28th for commissioning of newly built Sagamu brewery

International Breweries Plc (“IB plc”), the Nigerian unit of Anheuser-Busch InBev has announced Tuesday, August 28 as the date it will commission its newly built brewery.

The new brewery which was constructed at a cost of US$250 million will be commissioned by Nigeria’s President, Muhammadu Buhari.

AB InBev to build new brewery in Mozambique, set to open new Nigerian brewery

AB InBev has announced it will start the construction of a new brewery in Mozambique in the second-half of 2019, putting it in direct competition with rival Heineken N.V. which announced in December it will build a $100 million brewery in the Southern African country.

The Belgian-based brewer said that the new facility will produce about 2-million hectoliters of beer a year, but declined to disclose the size of the investment. However, it noted that the land acquired for the project would be big enough for further expansion in the future.

AB InBev sustains growth in half-year

Anheuser-Busch InBev on Thursday reported a 4.7% revenue growth for the second quarter of 2018 and half-year respectively. The growth was driven by strong performance of its global premium brands and revenue management initiatives.

The company said that total beer volumes grew by 0.8% in Q2 and by 0.3% in half-year.

AB InBev withdraws funding for alcohol study as industry’s influence is questioned

The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said it is withdrawing its financial support for a controversial study that will look into whether there are any health benefits to drinking alcohol in moderation.

The ten-year long clinical study which was announced last year had the financial support of the alcohol global heavyweights such as Diageo, Pernod Ricard, Heineken, Carlsberg and AB InBev.

According to the New York Times, the total amount so far raised by the drinks companies for the study is $66 million, of which AB InBev gave $15.4 million.