anheuser-busch inbev spn adr (BUD) Key Developments
Anheuser-Busch InBev Reportedly In Talks To Buy Back Oriental Brewery
Nov 26 13
Anheuser-Busch InBev SA/NV (ENXTBR:ABI) has recently started talks to buy back Oriental Brewery Co., Ltd., local Maeil Business Newspaper reported on November 25, 2013 citing sources in the know. The talks are not surprising as AB InBev has agreed at the time of the sale that it might acquire the brewery again five years upon completion of the transaction under predetermined conditions.
AB InBev Announces Executive Changes
Nov 2 13
Former AB InBev UK boss Stuart MacFarlane, who developed Stella Artois Cidre and Stella 4%, is to head up a new combined European division. MacFarlane will oversee AB InBev's Western Europe and Central & Eastern Europe zone from the company's headquarters in Leuven. MacFarlane, currently zone president, Central & Eastern Europe, will take up his new role on January 1, 2014. Jo Van Biesbroeck, the current head of Western Europe, will continue in his other role as chief strategy officer and will also head up AB InBev International, its global export and licensing operation.
Anheuser-Busch InBev SA/NV Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Year 2013
Oct 31 13
Anheuser-Busch InBev announced consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter the company reported revenue of $11,729 million against $10,269 million a year ago. Normalized profit from operations was $3,908 million against $3,301 million a year ago. Normalized profit attributable to equity holders of AB InBev was $2,205 million against $1,843 million a year ago. Basic earnings per share were $1.44 against $1.13 a year ago. EBITDA margin in the U.S. expanded by approximately 80 basis points in the quarter mainly due to savings in distribution expenses from an improved production footprint for latest innovations, as well as the strong revenue by hectoliter result. The company recorded a nonrecurring net finance results of positive $170 million in the quarter resulting from mark-to-market gains linked to the hedging of the EBIT exposure related to the combination with Grupo Modelo. The increase in earnings per share is due to profit growth in the underlying business and the combination with Grupo Modelo, including the capture of cost synergies.
For the nine months the company reported revenue of $31,484 million against $29,471 million a year ago. Normalized profit from operations was $9,838 million against $9,100 million a year ago. Normalized profit attributable to equity holders of AB InBev was $5,562 million against $5,429 million a year ago. Basic earnings per share were $7.36 against $3.39 a year ago.
For the year 2013, the company expects revenue per hl to grow organically ahead of inflation, weighted by country, as a result of continued improvement in mix and revenue management initiatives. The company also expects fiscal 2013 normalized effective tax rate to be between 19% and 21%. Net capital expenditure in 2013 remains at approximately $3.9 billion, including Mexico. The remainder of the increase over 2012 is being driven mainly by investments in capacity expansion in Brazil and China, in addition to commercial capex linked to strong innovation pipeline and market programs.
Anheuser-Busch InBev Approves Interim Dividend, Payable on 18 November 2013
Oct 31 13
Anheuser-Busch InBev announced that its board approved an interim dividend of EUR 0.60 per share for fiscal year 2013, with payments starting on 18 November 2013.
Anheuser-Busch InBev SA/NV to Report Q3, 2013 Results on Oct 31, 2013
Oct 25 13
Anheuser-Busch InBev SA/NV announced that they will report Q3, 2013 results at 7:00 AM, Central European Standard Time on Oct 31, 2013