Brewing Company Ambev Posts 4.5% Organic Revenue Growth In Q1
Portfolio Pulse from Shivani Kumaresan
Ambev SA reported a 1.2% decline in Q1 FY24 net revenue to R$20.3 billion, with organic revenue growth of 4.5%. The company saw a mixed performance across regions, with growth in Brazil and CAC but declines in Latin America South and Canada. Gross profit fell by 1.8%, and normalized profit decreased slightly by 0.6%, although normalized EBITDA grew by 1.4%. ABEV shares dropped 3.66% to $2.37.
May 08, 2024 | 3:35 pm
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Ambev SA experienced a slight decline in net revenue and profit, but reported organic growth and an increase in normalized EBITDA. Shares fell by 3.66%.
The mixed financial performance, with a slight decline in net revenue and profit but positive organic growth and EBITDA increase, suggests a nuanced impact on investor sentiment. The immediate negative reaction in share price reflects concerns over the revenue decline and profit drop, despite the positive aspects of the report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100