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Anheuser-Busch InBev SA/NV (ABI.BR)

Brussels - Brussels Delayed price. Currency in EUR
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49.76-0.15 (-0.30%)
At close: 05:35PM CET
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  • Reuters

    AB InBev sets first profit growth target under new chief

    BRUSSELS (Reuters) -Anheuser-Busch InBev's new leadership set the company's first earnings target on Monday, forecasting 4% to 8% growth in core profit over the next four years based on rising beer sales and expansion in other drinks and even food. Michel Doukeris, who has been chief executive of the world's largest brewer since July 1, told Reuters before an investor seminar on Monday that the beer market had expanded over the past four years, despite a false narrative that it was not growing. AB InBev, which sells one in four beers sold globally, should benefit from that growth and accelerate it by pushing higher-priced 'premium' beers, Doukeris said, promoting non-beer products such as seltzers and canned wines and cocktails, and selling more online.

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