BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Belgian brewer Anheuser-Busch InBev (AHBIF.PK, BUD) reported Thursday that its second-quarter profit attributable to equity holders declined to $1.60 billion or $0.79 per share from last year's $1.86 billion or $0.93 per share.
Normalized profit attributable to equity holders was $1.52 billion or $0.75 per share, down from $1.91 billion or $0.95 per share a year ago.
Underlying profit attributable to equity holders was $1.47 billion or $0.73 per share, compared to $1.51 billion or $0.75 per share last year.
On average, four analysts polled by Thomson Reuters expected earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude special items.
Normalized EBITDA grew 7.2 percent from last year to $5.10 billion, while normalized EBITDA margin contracted 127 basis points to 34.5 percent.
Revenue increased 11.3 percent to $14.79 billion from last year's $13.54 billion. Analysts estimated revenues of $13.09 billion for the quarter.
Revenue per hl grew 7.5 percent. Volume grew 3.4 percent to 149 thousand hls.
Looking ahead, the company continues to expect EBITDA to grow in-line with medium-term outlook of between 4-8 percent and revenue to grow ahead of EBITDA from a healthy combination of volume and price.
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