AB Inbev tops BEL20 after big earnings beat

Anheuser-Busch Inbev SA

05/05/2026 08:07

** Shares in AB Inbev ABI.BR rise 6% to the top of Belgium's BEL20 .BFX index after the world's most valuable beer maker trounced analysts' expectations for Q1 earnings and confirmed its FY targets

** Respective Q1 revenue and EBITDA organic growth were 5.8% and 5.3% vs consensus estimates of 3% and 2.6%; volumes rose 0.8% against average forecast of -0.5%

** "While a beat was anticipated and likely benefited from Easter phasing, the broad-based performance and EPS upgrades should support the shares," J.P. Morgan says

** "ABI continues to deliver defensive & visible growth and still remains attractively valued in the wider EU staples context," JPM adds

** Up to Monday's close, AB Inbev shares were up 15%​ YTD

(Reporting by Gianluca Lo Nostro)

((gianluca.lonostro@thomsonreuters.com))