Anheuser-Busch InBev chief executive Brito poses with a Stella Artois beer after a news conference in Leuven. File Image: IOL

JOHANNESBURG  - The world's largest brewer Anheuser-Busch InBev said on Thursday its revenue grew by 4.5 percent in the third quarter, while total volumes were up 0.2 percent.

AB Inbev said good growth in own beer volumes achieved in Europe, Mexico and many African markets during the quarter were partially offset by Brazil and Argentina. In the first nine months of 2018, total volumes were up 0.3 percent with own beer volumes up 0.6 percent and non-beer volumes down 3.1 percent.

Combined revenues of the company's global brands Budweiser, Stella Artois and Corona continued to grow in the third quarter, with revenues up 7.7 percent globally and 10.6 percent outside of their home markets. In the first nine months of the year, the combined revenues grew by 8.7 percent globally and by 13.3 percent outside home markets.

AB Inbev said the business integration with South African Breweries was progressing well, with synergies and cost savings of $229 million (R3.3 billion) captured during the third quarter and $588 million captured during the first nine months.

African News Agency (ANA)