AB InBev hikes 2021 forecast after strong third quarter – Reuters

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

BRUSSELS, Oct 28 (Reuters) – Anheuser-Busch InBev (ABI.BR), 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.

Reporting by Philip Blenkinsop; Editing by Sam Holmes

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