Anheuser-Busch InBev H1 profits, sales up after Grupo Modelo takeover


H1 net profits jump 20% to US$4bn
Net sales in six months to end of June up 15% to $22.8bn
Operating profits (EBITDA) climb 19% to $8.73bn
Q2 net profits up 74% to $2.6bn
Net sales in three months to end of June increase 15% to $12.2bn
Operating profits (EBITDA) up 24.5% to $4.85bn
H1 volumes increase 15% on Grupo Modelo takeover
Brazil beer volumes climb 7.2% on World Cup campaign
US sales to wholesalers down 3.4%

Anheuser-Busch InBev's Grupo Modelo takeover has helped increase first-half sales and profits, while the World Cup boosted volumes in Brazil.

The Belgium-headquartered brewer completed its US$20.1bn acquisition of Modelo in June last year.

Looking ahead, A-B InBev said it expects US industry volumes to improve, and for Brazil volumes to get back on track helped by the World Cup.

A-B InBev's share price jumped 1.5% when markets opened this morning, but has since returned to yesterday's closing price.

To read the company's full results, click the following link:

For a closer look at A-B InBev's H1 & Q2 results, click here: