Felipe Ucros's questions to Ambev SA (ABEV) leadership • Q2 2025
Question
Felipe Ucros inquired about the drivers behind the significant acceleration in the digital marketplace's GMV. He also asked about the net revenue per hectoliter performance in the Latin America South (LAS) region, particularly in Argentina, given the high-inflation environment.
Answer
CEO Carlos Eduardo Klutzenschell Lisboa attributed the 90% marketplace GMV growth to strong partnerships with companies like Nestle, L'Oreal, and PepsiCo Foods, noting that third-party (3P) GMV now exceeds first-party (1P). Regarding LAS, CFO Guilherme Fleury de Figueiredo Ferraz Parolari mentioned that they continue to see sequential improvement in Argentina and are carefully managing pricing to protect margins while considering consumer affordability.