Earnings Call Summary | Ambev SA(ABEV.US) Q1 2024 Earnings Conference
Earnings Call Summary | Ambev SA(ABEV.US) Q1 2024 Earnings Conference
The following is a summary of the Ambev S.A. (ABEV) Q1 2024 Earnings Call Transcript:
以下是Ambev S.A.（ABEV）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Ambev's Q1 focusing on Brazil, CAC, Canada, and Argentina yielded positive results with Beer volumes in Brazil growing 3.6% and net revenue per hectoliter grew 0.9% versus last year.
EBITDA grew about 12%, 15% excluding Argentina. Gross margins expanded 100 basis points organically, 150 basis points excluding Argentina. EBITDA margin expanded 240 basis points organically, 290 basis points excluding Argentina.
Cash flow from operating activities totaled BRL 718 million, suggesting a positive financial performance.
Yearly interest expenses were reported to have reduced due to already exercised CND put options.
Cash flows generated in 2023 indicated a higher start to the year cash balance, translating into higher interest income for 2024.
Ambev的第一季度专注于巴西、CAC、加拿大和阿根廷取得了积极的业绩，巴西的啤酒销量增长了3.6％，每公升的净收入比去年增长了0.9％。
息税折旧摊销前利润增长约12％，不包括阿根廷，为15％。毛利率有机增长了100个基点，不包括阿根廷，毛利率增长了150个基点。息税折旧摊销前利润率有机增长了240个基点，不包括阿根廷在内的290个基点。
经营活动产生的现金流总额为7.18亿巴西雷亚尔，表明财务业绩良好。
据报道，由于已经行使了CND看跌期权，每年的利息支出有所减少。
2023年产生的现金流表明年初现金余额增加，转化为2024年的利息收入增加。
Business Progress:
业务进展：
Ambev reported strong brand health focusing on Corona, Spaten, Brahma, and Budweiser.
Expansion and addition of new third-party products in the marketplace were in progress, serving to improve customer experience.
Despite operating challenges in Latin America, the company maintains a focus on consistent and sustainable results, expanding margins, and improving cash flow.
Upcoming annual sustainability report displays a commitment to sustainability.
The company is moving towards resolving outstanding administrative issues including tax litigation.
The growth trend of low-sugar and non-sugar products in NABs, capitalizing on increasing market share in this segment is highlighted.
The company's revenue per hectoliter was impacted by taxes and changes in their channel mix, including a shift to dedicated wholesalers- seen as an intentional and structural change aimed at long term gain.
The competitive landscape witnessed strengthening positions for their brands Antarctica and Brahma, indicating a market share gain.
Ambev报告称，品牌健康状况良好，主要集中在Corona、Spaten、Brahma和百威啤酒上。
在市场上扩展和添加新的第三方产品正在进行中，这有助于改善客户体验。
尽管拉丁美洲面临运营挑战，但该公司仍将重点放在持续和可持续的业绩、扩大利润率和改善现金流上。
即将发布的年度可持续发展报告显示了对可持续发展的承诺。
该公司正在努力解决包括税务诉讼在内的悬而未决的行政问题。
强调了利用该细分市场中不断增加的市场份额，非耐受性食品中低糖和非糖产品的增长趋势。
该公司的每公升收入受到税收和渠道结构变化的影响，包括向专业批发商的转移，这被视为旨在实现长期收益的有意结构性变革。
竞争格局见证了他们的品牌Antarctica和Brahma的地位得到加强，这表明市场份额有所增加。
More details: Ambev SA IR
更多详情： Ambev SA IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。