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Ambev SA (DE:AMNA)
FRANKFURT:AMNA
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 11.73%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
Ambev demonstrated strong digital transformation and EBITDA growth, with significant free cash flow and strategic shareholder returns. However, challenges remain in Argentina and due to tax headwinds in Brazil, alongside pressures from brand underperformance and cost increases.Company Guidance
During Ambev's 2024 Fourth Quarter Results Conference Call, CEO Carlos Lisboa highlighted several key metrics showcasing the company's performance and future guidance. Over the past five years, Ambev reported a 37% growth in consolidated EBITDA and generated nearly R$65 billion in free cash flow to equity, with significant investments amounting to approximately R$30 billion in CapEx and R$33 billion in sales and marketing. For the year 2024, volumes excluding Argentina increased by 1.4%, with mega brands experiencing a 7.6% growth. Digital initiatives also saw progress, with BEES achieving 1.3 million monthly active buyers, a 14% increase from the previous year. Zé Delivery in Brazil fulfilled over 66 million orders, marking a 10% growth compared to 2023. The company also announced a capital allocation strategy, executing approximately 45% of its current share buyback program and distributing intermediary dividends of around R$2 billion, with a focus on continuing margin expansion despite expected cost headwinds in 2025.Digital Transformation Success
Over 88% of gross revenues transacted through BEES, Ambev's B2B platform, with 1.3 million monthly active buyers, marking a 14% increase from the previous year.
EBITDA Growth and Margin Expansion
Consolidated EBITDA grew by 11.4% organically, with margin expansion in all business units, delivering double-digit growth and gross and EBITDA margin expansion for the second consecutive year.
Free Cash Flow and Shareholder Returns
Free cash flow to equity increased by 37%, with nearly R$18 billion generated. The company also executed approximately 45% of its share buyback program and approved intermediary dividends of around R$2 billion.
Brazil Market Performance
Beer volumes in Brazil increased by 0.6% driven by market share gains. Non-alcoholic beer volumes rose by 4.1%, and NAB volumes grew by 4.1% led by Guarana Antarctica.
Strong Performance in Dominican Republic and Canada
Dominican Republic volumes grew by mid-single digits, achieving all-time high volumes for the Presidente family. In Canada, mega brands grew volumes by low-single digits.
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DE:AMNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:AMNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | €1.79 | €1.74 | -2.79% |
| Oct 31, 2024 | €2.03 | €1.96 | -3.74% |
| Aug 01, 2024 | €1.82 | €1.79 | -1.54% |
| May 08, 2024 | €2.15 | €2.16 | +0.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ambev SA (DE:AMNA) report earnings?
Ambev SA (DE:AMNA) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Ambev SA (DE:AMNA) earnings time?
Ambev SA (DE:AMNA) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Ambev SA stock?
The P/E ratio of Ambev SA is N/A.
What is DE:AMNA EPS forecast?
DE:AMNA EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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