AB InBev has announced record revenue and significant profit growth for 2024.The company reported a 2.7% increase in total revenue for the full year, driven by a 4.3% growth in revenue per hectoliter. Normalized EBITDA rose by 8.2%, and underlying earnings per share jumped by 15% to $3.53. Despite a slight decline in total volumes, the company saw strong performance in key brands and markets.
CEO Michel Doukeris attributed the strong results to the consistent execution of the company’s strategy, highlighting investments in megabrands, digital transformation, and operational efficiency. The company emphasized its focus on premiumization, innovation, and expanding its Beyond Beer portfolio. Digital initiatives, including the BEES B2B platform and DTC services, contributed significantly to revenue growth.
AB InBev announced a proposed full-year dividend of €1.00 per share, a 22% increase, and confirmed the completion of $750 million of its $2 billion share buyback program. The company also reported a reduction in net debt, achieving a net debt to EBITDA ratio below 3.0x for the first time since 2015. Furthermore, AB InBev highlighted its commitment to sustainability, reporting progress in renewable energy, emissions reduction, and responsible drinking initiatives.