AmBev Discloses Third Quarter 2003 Update.Business Editors SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO, Brazil--(BUSINESS WIRE)--Oct. 3, 2003 Companhia de Bebidas das Americas - AmBev (NYSE NYSE See: New York Stock Exchange :ABV ABV Above ABV Alcohol By Volume ABV Abuja, Nigeria (airport code) ABV Assault Breacher Vehicle ABV Accredited Business Valuation specialist ABV Auxiliary Building Ventilation ABV Annual Buy Value ABV Air Bleed Valve ) (NYSE:ABVc) (BOVESPA See Bolsa de Valores de Sao Paulo. :AMBV4) (BOVESPA: AMBV3), the world's fifth largest brewer and Brazil's leading beverage company, discloses today some clarification about third quarter 2003 (3Q03) beer sales volumes. In AmBev's last conference call (August 13, 2003) the Company indicated that it was expecting its beer sales volumes in Brazil to decline single digit during 3Q03 versus the year-ago quarter. Now that the quarter is concluded, the Company announces that its beer sales volumes in Brazil declined by around 12% in 3Q03 versus third quarter 2002. Despite the shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in volumes, AmBev's management remains confident that its revenue management initiatives, combined with its tight grip on costs and expenses and the strength of AmBev's people, among other factors, will lead the Company to achieve its internal profitability targets for 2003. Our investor web site has additional Company financial and operating information, as well as transcripts of conference calls. Investors may also register to automatically receive press releases by email and be notified of Company presentations and events. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion