AB InBev Reports Strong Financial Performance for 2023

  • AB InBev reports strong financial performance for 2023, with revenue up 7.8% and normalized EBITDA increasing by 7.0%.
  • Despite a decline in total volume, the company remains optimistic about its outlook for 2024, expecting EBITDA growth.
  • Shareholders are proposed a full-year 2023 dividend of €0.82 per share, subject to approval at the Annual General Meeting.
Published by
Lethabo Ntsoane

Anheuser-Busch InBev SA/NV (AB InBev) has unveiled its financial results for the fourth quarter and full year of 2023, showcasing robust growth despite challenges in volume. The company reported a 7.8% increase in total revenue for the full year, reaching impressive figures amidst market fluctuations.

Key Financial Highlights

  • Revenue Growth: AB InBev’s total revenue surged by 7.8% in 2023, indicating a resilient performance in the face of market challenges. Despite a 1.7% decline in total volumes, the company’s revenue growth underscores its ability to drive value amidst changing consumer preferences.
  • Profitability: The company’s profitability metrics remained strong, with normalized EBITDA increasing by 7.0% for the full year. This growth in profitability reflects AB InBev’s strategic initiatives and operational efficiency, contributing to its overall financial strength.
  • Dividend Proposal: Shareholders can anticipate a proposed full-year 2023 dividend of €0.82 per share, subject to approval at the upcoming Annual General Meeting. This dividend proposal reflects the company’s commitment to delivering value to its shareholders amidst a challenging operating environment.

Outlook for 2024

Looking ahead, AB InBev remains optimistic about its prospects for 2024, with a focus on driving sustainable growth and value creation. The company expects its EBITDA to continue growing in line with its medium-term outlook, demonstrating confidence in its ability to navigate prevailing market conditions.

Proposed Dividend Timetable

AB InBev has outlined the proposed timetable for the dividend, subject to shareholder approval:

Dividend declaration announcement released on SENSThursday, 29 February
Annual General Meeting of shareholdersWednesday, 24 April
Results of Annual General Meeting announced on SENSThursday, 25 April
Currency conversion announcement released on SENSMonday, 29 April
Last day to trade on JSE to qualify for the DividendTuesday, 30 April
Ex-Dividend on JSE from commencement of tradingThursday, 2 May
Last day to trade on Euronext to qualify for DividendThursday, 2 May
Ex-Dividend on Euronext from commencement of tradingFriday, 3 May
Record date (Euronext and JSE)Monday, 6 May
Dividend payable (Euronext and JSE)Tuesday, 7 May


AB InBev’s strong financial performance in 2023 underscores its resilience and strategic focus on delivering value to shareholders. With a proposed dividend and an optimistic outlook for 2024, investors can look forward to continued growth and value creation from one of the world’s leading beverage companies.


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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo