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AB InBev profit rise limited by World Cup marketing spend
date:May 08, 2014
LD CUP

The company, which sold more than one in five beers drunk worldwide last year, reported an 11 percent like-for-like rise in first-quarter earnings before interest, tax, depreciation and amortization (EBITDA) to $3.88 billion.

The average analyst forecast in a Reuters poll was $3.98 billion. Revenue grew by a greater than expected 8.9 percent.

Overall volumes rose a surprisingly strong 4.4 percent, helped by increased shipments to U.S. wholesalers, part of contingency planning ahead of

12/25 20:04