Stella Artois and Corona brewer AB InBev toasted record sales despite trading troubles in China.
The Belgian group, which is the world’s biggest brewer with more than 500 beer brands including Budweiser and Carling Black Label, said revenues rose 0.7 per cent to an all-time high of £47billion in 2024.
This was despite a plunge in China, where sales by volume tumbled 19 per cent in the final three months of the year.
It overcame the hit in China thanks to solid sales of more expensive premium labels such as Michelob Ultra. No- and low-alcohol brands also performed well.
‘We are the leader in no-alcohol beer in many of our key markets, including the US, Brazil and Belgium, and see significant headroom for future growth,’ the group said.
Overall, profits rose 8.2 per cent to £16.6billion in 2024 and it said it was ‘confident’ for the year ahead.
Thirsty work: David Beckham and Matt Damon in Stella Artois ad. AB InBev said revenues rose 0.7% to an all-time high of £47bn in 2024
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