Ambev S.A. (NYSE:ABEV) Q1 2023 Earnings Call Transcript

Gustavo Troyano: Thank you, Jean and Lucas. That’s clear.

Operator: Thank you all very much. This concludes our question-and-answer session. I would like to turn the conference back over to Mr. Jean Jereissati for final remarks. You may proceed sir.

Jean Jereissati: So thank you everybody, all analysts, everyone who joined the call for your time and attention. First quarter of the year was solid. Strategically, operationally, and culturally we are feeling very strong and solid. Brazil consistently have been improving and getting better. And international operations are rebounding. Top line recovery gross margin expansion, and EBITDA margin expansion happened already in Q1. Our ambitions for the year are the top line growth remains a key priority with net revenue performance driven more by net revenue per hectoliter than volumes profitability, both in terms of ROIC as well as margins and free cash flow generation improvement it’s what we want and EBITDA margin expansion with and without Argentina. It’s a must for us. So thank you very much, see you in August and have a great day.

Operator: This conference is now concluded. Thank you for attending today’s presentation. You may now disconnect. Have a great day.