Brazilian beverage company AmBev posted on August 11 a 17 % rise in second-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) from pro forma results a year earlier, according to a Reuters statement. Companhia de Bebidas das Americas, the brewer of popular beers including Brahma, showed consolidated EBITDA of 550.9 million reais ($184 million), with 525.9 million reais of that from its home market in Brazil. The EBITDA result was below the average forecast of 618 million reais in a Reuters survey of five analysts. AmBev's earnings per American Depositary Receipt fell to 0.34 reais, or $0.11, in the second quarter from 0.94 reais, or $0.33, a year earlier. AmBev did not explain why its bottom line fell.
Net sales for the company's Brazilian operations grew 14.1 % to 1.68 billion reais. Ambev's share of the Brazilian beer market also increased during the quarter to 70.1 % at the end of June from 69.4 % at the end of March. ($1 = 2.987 reais)
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .