Anheuser-Busch InBev, the world’s largest beer maker said its revenue grew by 4.7% in the quarter, with revenue per hl growth of 4.0%.
The group reported that on a constant geographic basis, revenue per hl grew by 4.5% driven by revenue management initiatives as well as continued strong premium brand performances. In HY18, revenue grew by 4.7% with revenue per hl growth of 4.5%.
On a constant geographic basis, revenue per hl grew by 4.9%.
Total volumes grew 0.8%, while own beer volumes grew by 0.9% and non-beer volumes were up by 0.5%. Good growth in own beer volumes was achieved in Mexico and China, partially offset by the US as well as South Africa, which cycled a particularly demanding comparable. In HY18, total volumes were up 0.3% with own beer volumes up 0.7% and non-beer volumes down 3.4%.
Combined revenues of the company’s three global brands, Budweiser, Stella Artois and Corona, accelerated their growth this quarter, up by 10.1% globally and by 16.7% outside of their home markets. In HY18, the combined revenues of our global brands grew by 9.1% and by 14.6% outside of their home markets.
Cost of Sales increased by 4.7% in 2Q18 and by 4.2% on a per hl basis. On a constant geographic basis, CoS per hl increased by 5.5% driven primarily by an increase in the year-over-year FX and commodity prices as well as country mix, partially offset by synergy capture.
In HY18, CoS grew by 3.0% and by 2.8% on a per hl basis, while on constant geographic basis CoS per hl increased by 3.4%.