The core profit growth target for the world's largest brewery was set by Anheuser-Busch InBev on Monday, according to a new leadership of BRUSSELS, from 4% to 8% over the medium term.
The maker of beers Budweiser, Stella Artois and Corona, headed by Michel Doukeris since July 1st, will host an investor seminar on Monday.
In the 10 year period 2010 -- 2019 AB InBev's earnings before interest, tax, depreciation and amortisation EBITDA increased by an average 7.3% and fell 2.4% in Pandemic-hit 2020.
The Belgia-based company expects to expand by 10 -- 12% this year.
Its goal for organic EBITDA growth is to remove the impact of currency changes on foreign operations and acquisitions and divestments.
AB InBev's former head of sales and North America business, Doukeris replaced Brazilian Carlos Brito, who built the brewer into the world's largest during 15 years at the helm.
Brito steered growth through acquisitions and cost savings. His successor is likely to focus more on boosting sales of over 500 brands in an already concentrated beer market.