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AB InBev hikes 2021 forecast after strong third quarter -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Anheuser-Busch InBev logo is seen outside of the brewery’s Leuven headquarters, Belgium on February 28, 2019. REUTERS/Francois Lenoir

BRUSSELS, (Reuters) – Anheuser-Busch InBev reported on Thursday higher earnings than anticipated and raised its full-year forecast.

A poll by the company found that core profit, or earnings before interest tax, tax depreciation or amortization (earnings prior to interest, tax and amortization), rose 3.0% on an like-for-like basis during the July-Sept period. This compares with the 2.3% expected drop.

It now expects EBITDA to increase by 10% to 12%, according the maker of Stella Artois and Corona. The previous projection was for an expansion of 8% to 12%.

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