Ambev SA ( (ABEV) ) has issued an announcement.
Ambev SA reported its financial results for the fourth quarter and full year of 2024, marking its 25th anniversary with significant achievements. Despite a challenging market environment in Argentina and adverse weather in Brazil, the company achieved a 4.6% increase in net revenue for the year, driven by strong performances in Brazil and Central America. The company’s digital transformation efforts, including the expansion of its B2B platform BEES and direct-to-consumer service Zé Delivery, contributed to its operational success. Ambev’s commitment to brand building and innovation led to a 5.6% growth in net revenue per hectoliter, with premium and non-alcoholic beer segments showing notable growth. The company also announced a substantial return to shareholders through dividends and a share buyback program.
More about Ambev SA
Ambev SA is a leading beverage company in Brazil, specializing in the production and distribution of beer, soft drinks, and other non-alcoholic beverages. The company focuses on maintaining a strong presence in Latin America and expanding its digital initiatives to enhance consumer engagement.
YTD Price Performance: 3.83%
Average Trading Volume: 38,208,817
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.07B
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