28 October 2021 - 19:12Brussels — AB InBev, the world’s largest brewer and owner of SAB, upgraded its forecast for 2021 earnings growth on Thursday after posting a surprise increase in third-quarter profit, buoyed by beer sales in Brazil.
The Belgium-based company’s shares were up 7.3% at €52.94 on Thursday, making them the strongest performer in the FTSEurofirst 300 index of leading European shares, though they are still 20% down from a mid-June peak. AB InBev said core profit rose 3% on a like-for-like basis in the July-Sept period, against an expected 2.3% drop, according to a company-compiled poll.Revenue and profits were also higher in Colombia and SA, reflecting easing of Covid-19 restrictions, and in Europe as vaccination rates increased.
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