Ambev's profit climbs 4.9% with premium mix and greater direct distribution

The company had significant growth of 24.6% to 10.74 billion R$. According to Ambev, the result was driven by "revenue management initiatives, a benefit of ' premium ' mix in all operations and by the greater weight of direct distribution in Brazil".
The earnings before interest, taxes, depreciation and amortization (Ebitda) adjusted closed the third quarter on R$ 4.99 billion, up 21.9%. The measure excludes the net income the following effects: non-controlling share, income tax expenses, participation in the results of affiliated companies, net financial income, non-recurring items and expenses with depreciation and amortization.
The company's net financial expense advanced 43.2%, to 316.6 million R$, and expenses with income tax and social contribution on net income soared 118.7%, to 834.7 million R$.
Operating cash generation grew 48.9% in the quarter, to 6.17 billion R$.
Investment in the YTD were R$ 3.2 billion, of which 2.2 billion R$ in Brazil. According to the company, investments in the country were stable compared to the same period last year.
The company kept the growth projections of net revenues in Brazil between a medium and a high digit digit in the year and investment in the country similar to or lower than the 2014 levels.