Thai Beverage - UOB Kay Hian 2024-11-22: Stable FY24 Performance, Positive FY25 Outlook.

• For FY24, Thai Beverage reported higher overall revenue (+2.2% y-o-y), driven by stronger revenue contributions across all beverage and food segments.
• FY24 EBITDA (+4.5% y-o-y) was also higher, driven by improved operational efficiencies from the beer and non-alcoholic beverage (NAB) segments but offset by soft performances from the spirits and food segments. As a result, FY24 EBITDA margin expanded slightly by 0.4ppt y-o-y.

Higher dividend declared.

• - Read this at SGinvestors.io -
• Also, the higher income taxes were largely due to the expiry of certain tax benefits.

Spirits segment: Soft performance.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-17 Thai Beverage's Mixed 1QFY25 Results In Line - Beer & NAB Outperform; Spirits Underperform.

Price targets by other brokers at Thai Beverage Target Prices.

Listing of research reports at Thai Beverage Analyst Reports.

Relevant links:
Thai Beverage Share Price History,
Thai Beverage Announcements,
Thai Beverage Dividend Payout Dates & Corporate Actions,
Thai Beverage News