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AB InBev raises forecast after Brazil fuels surprise profit rise

BRUSSELS (Reuters) -Anheuser-Busch InBev, the world’s largest brewer, upgraded its forecast for 2021 earnings growth on Thursday after posting a surprise increase in third-quarter profit, buoyed by beer sales in Brazil. The maker of Budweiser, Corona and Stella Artois said it now expects core profit or EBITDA (earnings before interest, tax, depreciation and amortisation) to grow between 10% and 12% in 2021 compared with an 8%-12% growth forecast earlier. The Belgium-based brewer said core profit rose 3.0% on a like-for-like basis in the July-Sept period, against an expected 2.3% drop, according to a company-compiled poll.

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