ANHEUSER-BUSCH INBEV (ANH)

Quarterly Results: Revenue increased by 11.1% with revenue per hl growth of 7.8%. Total group volumes grew by 2.8%, with own beer volumes up by 2.2% and non-beer volumes up by 6.0%. Normalised EBITDA margin contracted 115 bps to 33.9% slightly below estimates. EPS was $0.60 in 1Q22, an increase from $0.55 in 1Q21.