The company’s own beer volumes declined by 3.4% in the quarter, and by 4.8% in the half-year, “reflecting weak market conditions,” the company said.
But it added: “Following the launch of the Stella Artois 4% line extension and the new creative strategy, Stella Artois continued to achieve share gains. The brand’s volumes grew 6.6% [in the second quarter] and 3.7% [in the half-year].”
Global earnings before interest, tax, depreciation and amortisation rose a like-for-like 18.5% to $3.6 billion.
The brewer, which makes Stella Artois, Budweiser and Beck's, said it had already delivered $610 million of the savings it had outlined at the time of the merger between Anheuser-Busch and Inbev and was confident of hitting the $1 billion target by year-end.
The company warned that profit growth would slow in the third quarter due to tougher conditions.