Page last updated at 07:48 GMT, Thursday, 4 March 2010

Anheuser-Busch InBev sees profits rise

Stella Artois lager
Stella Artois is one of the firm's biggest-selling brands

Anheuser-Busch InBev, the world's largest brewer, made a $1.28bn (£850m) profit in the last quarter of 2009.

That was significantly higher than the $29m profit it made in the last three months of 2008 when it faced high costs linked to InBev's takeover of Anheuser.

The group, whose brands include Stella Artois and Becks said the integration was now "essentially complete".

The brewer has made a series of cost cuts to cope with falling beer sales in the global downturn.

In January it said it was to cut 800 jobs across western Europe.

Revenues in the quarter rose 3.7% to $9.3bn.


"Anheuser-Busch Inbev closed 2009 on a positive note," the group said in a statement.

For the whole of 2009, profit rose to $4.6bn from $1.9bn in 2008.

The group, which also makes Budweiser, added that global demand for beer remained "relatively resilient", despite the weakness in global economies, and said that it was the market leader in the US and Brazil.

Print Sponsor

No deal in Belgian beer dispute
19 Jan 10 |  Business
Beer giant cutting European jobs
08 Jan 10 |  Business
ABInbev profits jump after merger
13 Aug 09 |  Business
InBev completes Budweiser merger
18 Nov 08 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific