Diluted Underlying EPS (UEPS) USD1.63cps (+20.8% y-y).
Revenue increased by 1.9% y-y to USD29.9bn, with revenue per hectoliter growth of 3.5%, as a result of revenue management initiatives.
Corona grew by 9.9% y-y outside of its home market in the first six months of 2024.
GPM rose 120bps from 53.9% to 55.1%.
Total expenses well-managed, increased by 2.3% y-y while expense-to-sales increased by 10bps from 31.2% to 31.3%.
OPM increased by 110bps from 23.7% to 24.9%.
Cash flow generated from operating activities increased 60.8% y-y from USD1.597bn to USD2.568bn.
Consolidated volumes declined by 0.7%, with own beer volumes down 1.3% and non-beer volumes up 3.5% in the first six months of 2024, as continued growth in the Middle Americas, South America, Europe and Africa regions was primarily offset by performance in China and Argentina.
