InBev posted its positive Q3 results despite the economic downturn whilst showing off two new products. Carlos Brito, CEO, commented We’re delivered by the double-digit
EBITDA growth in a challenging operating environment, made significant progress on all our commitments, while increasing our sales and marketing investment. The integration of
Anheuser-Busch continues to run ahead of plan. The company has captured $265 million worth of synergies in the third quarter of 2009, bringing the 9 month total to $875 million. At the same time we are launching two new products in the US: Bud Light Golden Wheat and Select 55. Anheuser-Busch
InBev enters the fourth quarter a much stronger company than at the start of the year, with a significantly improved balance sheet. The sale of Busch Entertainment and our Central European operations drove our divestiture total well over our $7 billion commitment, to approximately $9.4 billion USD, of which approximately $7.4 billion are cash proceeds at closing. Deleveraging remains a priority and we will continue to execute against our synergy and cash flow goals, while selectively evaluating non-core assets during the normal course of business.