AB InBev hikes 2021 forecast after strong third quarter By Reuters

AB InBev hikes 2021 forecast after strong third quarter By Reuters
AB InBev hikes 2021 forecast after strong third quarter By Reuters

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

BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, reported higher than expected earnings in the third-quarter on Thursday and upgraded its forecast for full-year growth.

The Belgium-based brewer said core profit (earnings before interest, tax, depreciation and amortisation) rose 3.0% on a like-for-like basis in the July-Sept period, against an expected 2.3% drop, according to a company-compiled poll.

The maker of Budweiser, Corona and Stella Artois said it now expected EBITDA would grow by between 10% and 12% in 2021. Its previous forecast was for an 8%-12% expansion.

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