Ambev Shares Close Week Up on Robust Brazil Beer Contribution

Ambev S.A. (NYSE:ABEV) ADRs closed the week up 1.6% at $3.11, primarily driven by a strong performance in its Brazil Beer division, which saw a 12.8% increase in EBITDA and a 5.0% rise in volume. Brazil now accounts for 60.9% of the company's normalized EBITDA. Despite some international divisions facing softer volumes and negative currency effects, Ambev improved its operating cash flow significantly and approved a new R$1.1 billion interest-on-capital payout, though the quarter's results fell short of some analyst expectations for Brazil Beer volume growth.