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Stock impact report

Ambev Reports 2020 Second Quarter Results Under IFRS

Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV) 
Last ambev s.a. american depositary shares (each representing 1 common share) earnings: 2/28 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
SÃO PAULO, Brazil, July 30, 2020 (GLOBE NEWSWIRE) -- Ambev S.A. [B3: ABEV3; NYSE: ABEV] announces its results for the second quarter of 2020. The following operating and financial information, unless otherwise indicated, is presented in nominal Reais and prepared according to the International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”) and to the accounting practices issued by the Brazilian Accounting Standards Committee ("CPC”) and approved by the Brazilian Securities and Exchange Commission (“CVM”). The information herein should be read together with our financial information for the six-month period ended June 30, 2020 filed with the CVM and submitted to the U.S. Securities and Exchange Commission (“SEC”). OPERATING AND FINANCIAL HIGHLIGHTS Net revenue: Net revenue was down 10.4% in 2Q20, with volume declining by 9.4% and decline in net revenue per hectoliter (NR/hl) of 1.0%. Net revenue was down in Brazil (-6.7%), Show less Read more
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