AB InBev profit rise capped by U.S. and Brazil

Anheuser-Busch InBev NV agreed to pay $5.8 billion for South Koreas Oriental Brewery, regaining control of a company that became the Asian nations biggest brewer under KKR & Co. and Affinity Equity Partners Ltd.
SeongJoon Cho | Bloomberg | Getty Images
Anheuser-Busch InBev NV agreed to pay $5.8 billion for South Koreas Oriental Brewery, regaining control of a company that became the Asian nations biggest brewer under KKR & Co. and Affinity Equity Partners Ltd.

Anheuser-Busch InBev, the world's largest beer maker, reported a lower than expected increase of earnings in the third quarter as U.S. wholesalers cut inventories and Brazil was stagnant after the soccer World Cup.

The maker of Budweiser, Stella Artois and Corona said on Friday that overall beer volumes fell by 2.7 percent in the July-Sept period, with declines in North America, Europe and Asia-Pacific.

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AB InBev reported a 1.3 percent like-for-like rise in third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) to $4.75 billion.

The average forecast of a Reuters poll of nine analysts was $5.00 billion.

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