Ambev SA (ABEV) has released an update.
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Ambev S.A. has announced robust financial results for the second quarter of 2024, with a significant 15.9% organic increase in Normalized EBITDA and an expansion in both gross and Normalized EBITDA margins. Despite this, the company reported an 8.3% decrease in Normalized Profit due to higher income tax expenses in Brazil. The overall performance was bolstered by strong commercial execution in Brazil and CAC, with notable volume growth across various segments.
For further insights into ABEV stock, check out TipRanks’ Stock Analysis page.
