Ambev SA (ABEV) has released an update.
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Ambev SA has reported a strong third quarter performance for 2024, with normalized EBITDA growing by 8.5% and net revenue increasing by 4.9%, despite a slight decline in total volumes. The company continues to see growth in its premium beer brands and non-alcoholic beverages in Brazil, while challenges remain in markets like Argentina and Canada. Ambev also announced a significant share buyback program, reflecting confidence in its financial health and future prospects.
For further insights into ABEV stock, check out TipRanks’ Stock Analysis page.
