In October 2016, we completed our combination with SABMiller, making us the first truly global brewer and one of the world's leading consumer products companies. Quarterly revenue grew by 0.2% with revenue per hl growth of 3.9%. "Many initiatives, including premiumisation and the growth of returnable glass bottles in the off trade, have been well received, but Brazil beer volumes were down, revenues suffered and costs of sales rose compared with financial year 2015 due to devaluation of the Brazilian Real".
AB InBev is suffering from a nosedive in spending power in Brazil, its second-largest market.
Colorectal cancer rates rising sharply among Gen X and millennials
They rose about three per cent per year from 1974 to 2013 in adults aged 20 to 29 and from 1980 to 2013 in adults aged 30 to 39. Among people 40 to 54, rectal cancer rates increased by 2 percent annually from the 1990s to 2013.
Revenue grew to $14.20 billion from $10.72 billion in the prior year. AB InBev also said it expects to incur costs of $900 million over three years to achieve the savings goals ... Premium brand sales helped margins in North American and Europe, despite a decline in sales. In the majority key markets, it saw improving market share trends. That deal was implemented so AB InBev could enter new markets where it had little business, including Africa, Asia and some regions of Central and South America. Meanwhile, the USA continued to gain traction and FY16 saw EBITDA growth of 2.2%. Analysts expected $5.64 billion. The Company's brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; worldwide brands, including Beck's, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
The company, now more than double the size of nearest rival Heineken, increased its cost savings and synergy target to $2.8 billion from $2.45 billion.