ABI Earnings And Margins Up　But Volume Growth Dissapoints

摘要

The world's largest brewer, Anheuser-Busch InBev (ABI), hasnreported flat volumes but increased revenues and earnings for itsnlatest financial year. In the 12 months to end December 2011, ABI'snrevenues increased by 4.6% while EBITDA increase by 7.7% on annorganic basis and normalised earnings per share jumped by 27.4%.nThe firm continues to find gains from efficiencies following thenacquisition of Anheuser-Busch in 2008. However, this process willneventually come to an end and ABI will surely eventually reach anpoint where earnings growth will be difficult to come by without ancorresponding increase in volumes.