Anheuser-Busch InBev's H1 2017 by region - results data

Anheuser-Busch InBev reported an increase in H1 net sales as it gained from last year's SABMiller acquisition. Take a closer look at the company's performance by region in the first six months of 2017.

North America: sales flat, volumes -3%

In the US, AB InBev's market leading Budweiser and Bud Light declined further as pressure on premium beer remained. The two brands lost 40 bps and 90 bps of share in Q2, respectively, AB InBev said, as consumers traded up. The US beer market as a whole saw sales to retailers decline. However, with a 3% fall in both Q2 and H1, AB InBev's drops underperformed in both periods. The company said it continued to perform well in Canada as it gained market share. "Bud Light continues to gain momentum and we are seeing strength in the high end of the market, with both our craft portfolio and Stella Artois gaining share," AB InBev said.

Latin America West: sales +3, volumes +1%

Mexico sales jumped by high-single digits in the first half as volumes climbed by mid-single digits. AB InBev said growth was driven by the Victoria brand, which grew by double-digits in Q2. Colombian sales were down 1% in H1 as volumes dropped 5%. AB InBev said it continued to roll out its high-end strategy in the country to boost global brands, which were up about 100% in Q2. Ecuador had a strong Q2 (sales +9%, volumes +6%) as it cycled weak comparisons after the April 2016 earthquake.

Latin America North: US: sales +14%, volumes -1%

Brazil continued to struggle, with sales per hectolitre down 1% and sales down 2%. Beer volumes slipped 1% in the second quarter after a 3% jump in Q1. Non-beer was also under pressure, and AB InBev's volumes in the category dropped by 14% in Q2, underperforming the market. However, H1 volume declines of 7% outpaced market drops.

Latin America South: sales +24%, volumes +7%

Argentina boosted beer volumes by 20% in Q2 along with high-single digit volume growth for soft drinks.

Europe, Middle East & Africa: sales +24%, volumes +1%

AB InBev said Western Europe had a "great" Q2 with double-digit sales growth. There was double-digit sales growth in the quarter for the UK, however Eastern Europe delivered sales and volumes declines. "We continue to face a difficult macroeconomic environment in both Russia and Ukraine as well as a large PET ban in Russia, although we did see good growth from our premium portfolio in these markets," AB InBev said.

Asia-Pacific: sales +5%, volumes +1%

The company praised a "strong" Q2 for Australia with high-single-digit sales grow and mid-single-digit volumes growth.

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