Ambev's net income 1% goes back in second quarter

Despite having shown the fall in sales volume, with 1.1% indentation, Ambev has managed to raise NET in 9.9%.
Ambev, Brazil's largest brewery, was 1.1% lower net income in the second quarter compared with the same period last year, impacted by the increase in cost of goods and expenses, in the second consecutive quarter of decline in volume sold.
The company's net profit was $ 1.88 billion between April and June, with the cash generation as measured by pre-tax profit before interest, taxes, depreciation and amortization (Ebitda) of $ 3.21 billion, a growth of 9.5% compared to the previous year.
Analysts had expected Ebitda in line with the submitted by the company, of $ 3.23 billion. The net profit, on the other hand, came below the estimate of $ 2.08 billion, according to the average of estimates collected by Reuters.
Despite having shown the fall in sales volume, with 1.1% indentation, Ambev has managed to increase net revenue in 9.9% over the same period, to $ 7.5 billion.
To this end, the company had increased prices of products, reflected in the growth of 11.1% in net revenue/HL.
But the strategy was not enough for the present quarterly profit in Ambev, affected by a 12.7% increase in the cost of goods sold, plus an advance of 14.8% in expenses in the quarter, on the heels of the largest investments in sales and marketing in the Confederations Cup in June.
In the balance sheet, the company drew attention to the performance of beers, whose volume sold in the country shrank 0.4% between April and June, against 8.2% dip in the first quarter of the year, when the company said he saw a difficult year ahead.
"There is still much to be done, but we believe that our decision to react quickly and adjust plans for the year directing our focus to our packaging strategy is beginning to translate into better results for beer Brazil" said Ambev.
Ambev added that it expects the beer industry in the country shut down stable or fall 2013 of a digit. The company kept the growth targets of net revenues per hectolitre of a digit in the year and maintenance expenditure below inflation.
"Additionally, we remain committed to investing around r $ 3 billion in Brazil in 2013 to seek opportunities for medium and long term that the market has to offer," the company said.
InBev
Now Anheuser-Busch InBev, the world's largest brewery, sold less beer, but made more money than expected in the second quarter supported by price increases that minimized the impact of weakening of the real and in improved performance in the United States.
The company had 1.2% drop in sales in volume compared with the same period last year, but revenue rose by 3.9% and the company reversed decline that has already lasted a year their profit margin in Brazil and the USA.
The earnings before interest, taxes, depreciation and amortization (Ebitda) rose 5.8% to $ 3.9 billion, slightly beating analysts ' average expectation of $ 3.78 billion.
In the u.s., where the company has almost half of the beer market, revenues increased thanks to price increases at the end of 2012 and promoted positive performance of new products.
In Brazil, where the company has two-thirds of the market, the unit AmBev had a second consecutive quarter of falling sales volumes, a modest decline of 0.4% compared to 8.2% drop in the first quarter. The unit, announced on Wednesday a net profit of r $ 1.88 billion for the second quarter, annual fall of 1.1%.
InBev said it was benefited by the climate and by the FIFA Confederations Cup in Brazil, which added about 30 million liters.
The financial Vice President, Felipe Dutra said the event served as a good test for the World Cup next year in the country, when the impulse to volumes can be four times greater.