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Brewing Company Ambev Posts 4.5% Organic Revenue Growth In Q1

Brazilian brewing company Ambev SA (NYSE:ABEV) reported first-quarter FY24 net revenue decline of 1.2% to R$20.3 billion. On an organic basis, net revenue gained 4.5%. Net revenue per hl slipped 1.4%. Consolidated volume was virtually flat (+0.1%), as positive performances in Brazil (+6.5% in NAB and +3.6% in Beer) and Central America ...