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Dec 31, 2024
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Ambev Q4 2024 Earnings Report

Ambev reported a 4.2% revenue increase and solid financial performance for Q4 2024.

Key Takeaways

Ambev reported Q4 2024 revenue of R$27.04 billion, net income of R$5.02 billion, and normalized EBITDA of R$9.62 billion. Normalized EPS was R$0.31, reflecting a 7.8% increase compared to the same period in 2023. Strong revenue growth was driven by positive performances in Brazil NAB and Central America and the Caribbean.

Revenue increased by 4.2% to R$27.04 billion.

Net income for Q4 2024 was R$5.02 billion.

Normalized EBITDA grew by 9.7% to R$9.62 billion.

Normalized EPS was R$0.31, up 7.8% from Q4 2023.

Total Revenue
R$25.3B
Previous year: R$20.1B
+25.8%
EPS
R$0.29
Previous year: R$0.3
-3.3%
Total Volume
50.42M
Normalized EBITDA Margin
35.6%
Gross Profit
R$13.6B
Previous year: R$10B
+35.7%
Cash and Equivalents
R$26.8B
Previous year: R$16.8B
+59.6%
Free Cash Flow
R$13B
Previous year: R$11.7B
+11.2%
Total Assets
R$152B
Previous year: R$139B
+9.6%

Ambev

Ambev

Ambev Revenue by Segment

Ambev Revenue by Geographic Location

Forward Guidance

Ambev expects continued growth driven by digital transformation, premiumization, and revenue management initiatives.

Positive Outlook

  • Revenue management initiatives to drive revenue growth.
  • Continued focus on premiumization across key markets.
  • Ongoing digital transformation initiatives.
  • Focus on operational efficiencies.
  • Expansion in key geographic regions.

Challenges Ahead

  • Potential cost pressures from inflation.
  • Continued challenges in Argentina due to inflation.
  • Volume declines in some markets.
  • Supply chain disruptions.
  • Uncertainty in global economic conditions.

Revenue & Expenses

Visualization of income flow from segment revenue to net income