百威亞太(01876.HK)：一季度收入增加1.5%至16.32億美元
格隆匯5月5日丨百威亞太(01876.HK)發佈公吿，2022年第一季度，總銷量達20,231十萬公升啤酒，減少2.7%，主要是由於自3月起COVID管控措施程度增高，但部份被韓國的強勁表現所抵銷。一季度收入增加1.5%至16.32億美元，每百升收入增加4.3%，是由於持續高端化及積極的收入管理措施。一季度的正常化除息税折舊攤銷前盈利增加7.6%至5.70億美元。受韓國銷量強勁復甦的經營槓桿所支持，正常化除息税折舊攤銷前盈利率增長198個基點至34.9%。百威亞太股權持有人應占正常化溢利增加至3.04億美元，錄得增長28.8%。百威亞太股權持有人應占溢利增加至3.02億美元。正常化每股盈利增加至2.30美分，每股基本盈利增加至2.28美分。
2022年第一季度，集團在亞太地區西部的銷量下降3.8%。持續的高端化支持每百升收入增加3.7%，使得總收入僅下降0.2%。正常化除息税折舊攤銷前盈利增加3.0%。今年一季度，中國的銷量下降4.3%，根據集團的估計，3月以來實行的COVID管控措施對商業環境產生重大影響，導致本季度行業出現低個位數的下降。由於渠道及地域組合，集團受到的影響較大。此外，由於今年中國農曆春節提前兩個星期到來，集團亦面臨着嚴峻的比較基礎。
韓國方面，集團加快商業步伐並在餐飲渠道及零售渠道均取得份額。因韓國政府發佈“與COVID共存”政策，在2022年第一季度，管控措施逐步放寬，韓國的運營條件得到進一步改善。因此，集團的銷量錄得中個位數增長。每百升收入錄得低個位數增長，從而實現雙位數的收入增長。在本季度強勁銷售收入復甦的支持下，集團的經營槓桿亦得到改善。因此，除息税折舊攤銷前盈利錄得強勁雙位數增長，同時利潤率顯著增長。此亦得益於2021年上半年分階段進行商業投資(主要歸因於去年在全國範圍內推出的全新凱獅和HANMAC)帶來的較低的比較基礎。
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