FRANKFURT--The following is a summary of analysts' forecasts for Anheuser-Busch InBev (ABI.BT) second-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million dollars, dividend in dollar, target price in euro, according to IFRS). Earnings figures are scheduled to be released July 30.

=== 
                                             Net attrib. 
                                    EBITDA       profit 
2nd Quarter            Revenue    adjusted     adjusted 
AVERAGE                 11,531       4,534        2,104 
Prev. Year              12,201       4,851        2,614 
+/- in %                  -5.5        -6.5          -19 
 
MEDIAN                  11,542       4,559        2,108 
Maximum                 11,806       4,701        2,264 
Minimum                 11,221       4,347        1,934 
Amount(a)                   10           9            7 
 
CLSA Americas           11,539       4,347        2,129 
Credit Suisse           11,545          --           -- 
Independent Research    11,650       4,670        2,220 
J.P. Morgan             11,221       4,559           -- 
KBC Securities          11,806       4,500           -- 
Kepler Cheuvreux        11,465       4,398        2,099 
Stifel                  11,586       4,701        2,264 
 
 
                Target price  Rating               DPS 2015 
AVERAGE               113.43  positive 3   AVERAGE     3.81 
Prev. Quarter         110.20  neutral  5   Prev. Year  3.52 
+/- in %                +2.9  negative 2   +/- in %    +8.3 
 
MEDIAN                121.00               MEDIAN      3.83 
Maximum               126.00               Maximum     3.88 
Minimum                90.00               Minimum     3.71 
Amount                     7               Amount         6 
 
CLSA Americas             --  Underperform             3.71 
Credit Suisse         124.00  Outperform                 -- 
Deutsche Bank         100.00  Hold                     3.87 
Independent Research  123.00  Hold                     3.76 
J.P. Morgan           126.00  Overweight               3.85 
KBC Securities        110.00  Hold                       -- 
Kepler Cheuvreux       90.00  Reduce                   3.81 
Morgan Stanley            --  Equalweight                -- 
Nomura                121.00  Neutral                    -- 
Stifel                    --  Buy                      3.88 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from three more analysts.

DJG/err 

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