AB InBev sees 'strong' revenue, EBITDA growth in FY18
AB InBev says, "While recognizing volatility in some of our key markets, we expect to deliver strong Revenue and EBITDA growth in FY18, driven by the solid performance of our brand portfolio and strong commercial plans. Our growth model is now far more focused on category development, and as a consequence, we expect to deliver revenue per hl growth ahead of inflation based on premiumization and revenue management initiatives, while keeping costs below inflation. We remain confident that growth will accelerate in the balance of the year. We maintain our 3.2 billion USD synergy and cost savings expectation on a constant currency basis as of August 2016. From this total, 547 million USD was reported by former SAB as of 31 March 2016, and 2 174 million USD was captured between 1 April 2016 and 30 September 2018. The balance of roughly 500 million USD is expected to be captured by October 2020... We expect dividends to be a growing flow over time starting from the rebased level, although growth in the short term is expected to be modest given the importance of deleveraging."