Revenue grew 3% in the second quarter, supported by a 4.9% increase in revenue per hectolitre, while EBITDA rose 6.5% to $5.3 bn. Total volumes fell by -1.9% in Q2, with significant drops in Brazil (-6.5%) and China (-7.4%). EPS rose 8.7% to $0.98, helped by margin expansion and stronger sales of no alcohol and premium brands. Net debt to EBITDA fell to 3.27x, supporting guidance for full-year EBITDA growth of 4 to 8%.
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