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Reuters
AB InBev raises forecast after Brazil drives surprise profit rise
BRUSSELS (Reuters) -Anheuser-Busch InBev, the world’s largest brewer, upgraded its forecast for 2021 earnings growth on Thursday after posting a surprise increase in third-quarter profit, buoyed by beer sales in Brazil. The maker of Budweiser, Corona and Stella Artois said it expects core profit or EBITDA (earnings before interest, tax, depreciation and amortisation) to grow between 10% and 12% in 2021, compared with an 8%-12% growth forecast earlier. The Belgium-based company’s shares were up 7.3% at 52.94 euros at 0800 GMT, making them clearly the strongest performers in the FTSEurofirst 300 index of leading European shares, although they are still 20% down from a mid-June peak.
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