AB InBev has reported a strong start to the year in the UK, with growth being driven by Bud Light and other low-alcohol products.
Speaking on the back of the publication of the brewer’s global results for the first quarter, Jason Warner, president North Europe, AB InBev, spoke about AB InBev’s support for C&C Group’s acquisition of Matthew Clark. He said the move provided “stability and assurance to the drinks industry, ensuring its future health”.
AB InBev saw double-digit revenue growth in the UK during the period. Warner said premiumisation continued to drive growth in value and volume with Stella Artois “off to a strong start this year”.
He said that as part of the summer of sport ahead, AB InBev wanted to increase its visibility in the on-trade.
Across Western Europe, Ab InBev grew revenue by low-single digits, underpinned by volume growth. Globally revenue grew by 4.7% in the quarter, with revenue per hl growth of 4.9%. Total volumes declined by 0.2%, while own beer volumes grew by 0.5%. Non-beer volumes declined by 6.9%, driven by soft results from Brazil and Peru.