InBev has posted a strong lift in profits for its first quarter

The global brewer said that net profit for the first three months of this year leapt by 69% year-on-year, reaching EUR280m. Revenues rose 8.9% to EUR3.05bn from EUR2.79bn.

 While total beer volumes for the brewer grew by 6.7%
year-on-year, however, volumes in Western Europe slipped by 1.1% to 7.57m
hectolitres. InBev said performance in the region was impacted by an expected
increase in cost of sales, but was nearly able to offset this with solid
fixed cost management.