Beck's-Brauer AB Inbev writes billion-dollar loss
Closed pubs and restaurants are a hard sell
The Beck's parent company AB Inbev has made a loss in the billions in the first three months due to the restrictions imposed by the Corona crisis. The effects would also hit the group much harder from April to June, the world's largest brewery announced on Thursday in Leuven, Belgium.
Bild von bernswaelz auf Pixabay
The bottom line was a loss of 2.25 billion dollars in the first quarter after a profit of 3.57 billion dollars a year earlier. Sales shrank by 10 percent to 11 billion dollars.
After beverage sales in the first quarter fell by a total of 9.3 per cent, by April the figure had already been around 32 per cent, it was said. Closed pubs and restaurants are severely affecting sales through the hospitality industry. (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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