AB InBev fourth quarter profit below expectations, sees muted 2020 growth

AB InBev fourth quarter profit below expectations, sees muted 2020 growth

Anheuser-Busch InBev ABI.BR, the world's largest beer maker, suffered a greater than expected fall in core profit in the fourth quarter last year and forecast muted growth in 2020 due in part to the coronavirus outbreak in China.

FILE PHOTO: The logo of AB InBev is pictured outside the brewer's headquarters in Leuven
FILE PHOTO: The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium February 28, 2019. REUTERS/Francois Lenoir/File Photo

BRUSSELS: Anheuser-Busch InBev ABI.BR, the world's largest beer maker, suffered a greater than expected fall in core profit in the fourth quarter last year and forecast muted growth in 2020 due in part to the coronavirus outbreak in China.

The maker of Budweiser, Corona Stella Artois said on Thursday that its fourth-quarter core profit (EBITDA) was 5.5per cent lower at US$5.34 billion, below the market expectaion of a 1.9 percent decline.

(Reporting by Marine Strauss @StraussMarine, editing by Philip Blenkinsop)

Source: Reuters

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