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AB InBev Aims For Medium Term Profit Growth Of 4% To 8%

Anheuser-Busch InBev's new leadership has set a core profit growth target for the world's largest brewer of 4% to 8% over the medium term.

The maker of beers Budweiser, Stella Artois and Corona, headed since 1 July by Michel Doukeris, will host an investor seminar on Monday.

In the 10-year period 2010-2019, AB InBev's earnings before interest, tax, depreciation and amortisation (EBITDA) increased by an average of 7.3%, and then fell by 2.4% in pandemic-hit 2020.

The Belgium-based company is forecasting 10% to 12% expansion this year.

Targets

Its target for 'organic' EBITDA growth removes the impact of currency changes on translation of foreign operations and of acquisitions and divestments.

Doukeris, AB InBev's former head of sales and of its North America business, replaced fellow Brazilian Carlos Brito who built the brewer into the world's largest during 15 years at the helm.

Brito steered growth through acquisitions and cost savings. His successor is likely to focus more on boosting sales of over 500 brands in an already concentrated beer market.

News by Reuters edited by Donna Ahern, Checkout. For more Drinks stories click here. Click subscribe to sign up for the Checkout print edition.

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