Brazil: AmBev announced sales volumes increased for the third Quarter 2005
Companhia de Bebidas das Americas (AmBev), the Brazilian arm of the InBev NV group, announces the sales volumes for 3Q05 increased by 4.4% year-on-year up to 21.86 million hl. In the first three quarters of the year beer sales volumes of AmBev rose by 8.3% up to 64.97 million hl. Market share information for the whole quarter is still not available, but will be provided in the earnings release scheduled for November 3.
In Brazil, the sales volume for the third quarter of 2005 amounted to 14,485,000 hl, which represents an increase of 3.4% as compared to the same period last year. The accumulated sales volume so far was of 43,279,000 hl of beer this making an increase of 10% year-on-year.
In Hispanic Latin America, the sales for Q3 2005 were of 4,267,000 hl, which is an increase of 10.7% year-on-year. The accumulated sales volume so far was of 13,443,000 hl of beer (10.9% increase year-on-year.)
For North America, AmBev recorded 21,860,000 hl in sales for Q32005, a year-on-year increase of 4,4%. Sales for all 3 quarters were of 64,968,000 that is more by 8.3% as compared to the same period in 2004.
Merrill Lynch had forecast that Brazilian beer volume growth would slow in the third quarter to 3-4 pct, due to a tough comparison base after last year's 17 pct increase.
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