Budweiser Asia Pacific’s performance and profit decline in 2020



Beijing business daily (reporter Zhao Dan) on March 26, Budweiser Asia Pacific Holdings Co., Ltd. (hereinafter referred to as “Budweiser Asia Pacific”) released its 2020 annual report. According to the report, in 2020, Budweiser Asia Pacific’s annual revenue was US $5.588 billion, a year-on-year decrease of 12.4%, and its gross profit was US $2.907 billion, a year-on-year decrease of 12.4%.

Budweiser Asia Pacific said in the announcement that the impact of the epidemic led to uneven business performance in various countries, but the Pan Asia platform remained stable. It is understood that in fiscal year 2020, Budweiser Asia Pacific’s revenue in China fell by 11%. From February to April 2020, due to the impact of the epidemic on high-end catering channels, the sales volume and revenue of Budweiser Asia Pacific in China decreased by more than 100%. In the fourth quarter of 2020, Budweiser Asia Pacific’s sales volume and revenue in China have rebounded, but it is still in a declining state compared with the same period last year.

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