AB InBev Q1 Normalized Earnings Rise - Quick Facts

(RTTNews) - Anheuser-Busch InBev (AHBIF.PK, BUD) Thursday reported that its first-quarter normalized profit attributable to equity holders rose to $1.458 billion from $844 million, and normalized earnings per share increased to $0.74 from $0.51 last year.

The company said its first-quarter benefited from the earnings of the newly combined operations and gains in the mark-to-market adjustments linked to the share-based payment programs, while last year was impacted by the pre-acquisition funding costs not matched by earnings from SAB and by mark-to-market losses linked to the hedging of various share-based payment programs.

However, profit attributable to equity holders surged to $1.405 billion from last year's $132 million, and earnings per share jumped to $0.71 frm $0.08 last year.

Revenue for the first quarter grew by 3.7 percent to $12.9 billion from $9.4 billion a year ago, with revenue per hl growth of 4.3 percent, driven by revenue management initiatives as well as strong premium brand performance. On a constant geographic basis, revenue per hl grew by 4.5 percent.