AnalysisД«radesco BBI highlighted that AmbevвЂ™s 3Q21 results were very strong and expects a positive reaction from the shares due to this result. On September 30, 2021, AmbevвЂ™s net cash was R$ 16.761 billion, an increase of 19.7% compared to December 31, 2020. In the year, cash generation totaled R$ 11.075 billion against R$ 10.462 billion in the same period last year (+5.9%).

The net financial result was R$876.2 million in 3Q21, an improvement of R$268.6 million compared to 3Q20.Д¬ash generation from operating activities was R$6.398 billion compared to R$7.079 billion in 3Q20 (-9.6%).

The companyвЂ™s gross margin was 50% between July and September 2021, down 2.4 percentage points. The adjusted Ebitda margin reached 29.6% in the 3rd quarter of 2021, an increase of 2.9 pp compared to the same quarter of 2020. Net revenue totaled R$45.655 billion in the quarter, up 7.7% over the same period last year.Д®arnings before interest, taxes, depreciation and amortization (Ebitda, its acronym in English) grew 7.8% in comparison with the same stage of 2020, totaling BRL 5.468 billion. The result was well regarded by analysts (see further analysis below), with ADRs (in practice, securities traded on the New York Stock Exchange) rising 5.22%, to US$ 2.82, at 8:30 am (time on BrasГlia) this Thursday (28) on the New York Stock Exchange. The result represents a growth of 57.4% compared to the same period in 2020.ДЄccording to the company, the result is due to the strong commercial performance in 3Q21, reaching the highest consolidated volumes ever recorded in a third quarter, resulting in strong growth in net revenue. Ambev (ABEV3) reported net income of R$3.712 billion in the third quarter of 2021 (3Q21).

R gamers rise up