Q1 2025 Ambev SA Earnings Call Transcript
Key Points
- Ambev SA (ABEV) reported a high single-digit increase in top-line revenue, with a 0.7% volume growth achieving all-time high levels for the first quarter.
- EBITDA grew by double digits with a 180 basis points margin expansion, indicating strong operational efficiency.
- The company experienced a significant increase in digital transactions, with GMV growing by 60% and a 5% increase in direct-to-consumer orders.
- Ambev SA (ABEV) announced an intermediary dividend of BRL2 billion, reinforcing its commitment to returning cash to shareholders.
- The company maintained a stable market share in key regions like Brazil and Argentina, with strong performances from premium and non-alcoholic beer segments.
- Ambev SA (ABEV) faces significant FX and commodities pressure starting in Q2, which could challenge margin expansion efforts.
- Net financial results worsened by BRL450 million year-on-year, driven by FX losses and costs related to cash upstreaming from Argentina.
- The effective tax rate increased to 21.7% from 15% in the previous year, impacting net income growth.
- Skol, a key brand in the core segment, experienced a decline in volumes, contributing to a low single-digit decline in the core segment.
- Adverse weather conditions and macroeconomic challenges impacted volumes in regions like the Dominican Republic and Canada.
Good afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2025 First Quarter Results Conference Call. Today with us, we have Mr. Carlos Lisboa, Ambev's CEO; and Mr. Guilherme Fleury, CFO and Investor Relations Officer. As a reminder, this con presentation is available for download on our website, ri.ambev.com.br, as well as through the webcast link. We would like to inform that this event is being recorded (Operator Instructions)
Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of Ambev's management and on information currently available to the company. They involve risks, uncertainties and assumptions because they relate to future events and therefore, depend on circumstances that may or may not occur in the future.
Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of Ambev and could cause
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
