ABEV - Ambev Non-GAAP EPS of R$0.16 revenue of R$18.9B

2023-08-03 02:38:07 ET

• Ambev press release ( NYSE: ABEV ): Q2 Non-GAAP EPS of R$0.16.
• Revenue of R$18.9B (+5.1% Y/Y).
• Normalized EBITDA growth of 34.2%.
• Gross margin expanded 170 bps and Normalized EBITDA margin expanded 300 bps.
• "As we move into the second half of the year, we remain focused on delivering consistent and continuous improvement in terms of growth and profitability despite the short-term volatility in many of our markets. In addition, we will continue to pursue our ambition of delivering in 2023 better organic Normalized EBITDA growth than the 17.1% growth we delivered in 2022, while also going back to gross margin and Normalized EBITDA margin expansion."

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