Ambev SA

ABEV3: BVMF (BRA)
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Ambev Earnings: Revenue and Profitability Growth Seen Despite the Continued Soft Environment

Ambev’s third-quarter earnings included year-over-year organic net revenue growth of 1.2% and normalized EBITDA growth of 2.9%. Ambev announced a share buyback program of BRL 2.5 billion to be executed within the next 18 months. Shares rose nearly 5% at the market open on October 30.

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