AB InBev Nets $1.28B in Fourth Quarter
Updated from 1:43 a.m. EST
BRUSSELS (
) --
Anheuser-Busch InBev
(BUD) - Get Report
, the world's biggest brewer and maker of Budweiser beer, said fourth-quarter earnings soared as beer volumes rose.
Earnings in the quarter were $1.28 billion, or 81 cents a share, vs. year-earlier earnings of $29 million, or 3 cents a share.
Revenue rose 4% to $9.29 billion, while organic growth was 5.1%. In the fourth quarter, total volumes increased 1%, with own beer volumes up 0.8%.
Fourth-quarter earnings before interest, taxes, depreciation and amortization rose 11.5% to $3.1 billion.
AB InBev said the integration of Anheuser-Busch is "essentially complete," adding it saw savings of $235 million in the fourth quarter from the merger of InBev and Anheuser-Busch in 2008.
The brewer also said "the disposal program is behind" it and its focus will now turn to growing its core business.
-- Reported by Joseph Woelfel in New York.
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