However, despite this market reaction, the company expresses optimism for this year and bases its expectations on two pillars: the solid performance in the first two months of 2024, driven by Carnival, and the expansion of sales of Premium beers.
On the last day of February, Ambev shares suffered a significant drop of 6.5 percent, after the publication of the balance sheet corresponding to the period from October to December 2023. This change in trend resulted in a monthly drop of 3.8 percent, widening the fall so far this year to 8.4 percent.
Ambev's balance sheet for the fourth quarter of 2023 revealed an 11 percent reduction in net profit, compared to the same period in 2022. Adjusted EBITDA, for its part, increased by 0.6 percent, while net profit fell by 12 percent.
