Business

Ambev's delivery platform Zé Delivery beats 27 million orders in 2020

Ambev reported BRL 11.7 billion in profit in 2020; down 3.7%, while its alcohol-delivery platform "continued to grow exponentially," informed the company

Ambev (12%) is the first brand that popped in Brazilians minds when thinking about memorable brands during pandemic. Photo: Shutterstock
  • Ambev reported BRL 11.7 billion in profit in 2020; down 3.7%;
  • In the fourth quarter alone, profits went 63.3% up, to BRL 6.9 billion, led by a positive impact of BRL 4.3 billion in tax credits;
  • Ambev’s direct-to-consumer platform Zé Delivery delivered over 27 million orders during 2020.

Ambev released on Thursday its fourth-quarter and accumulated results for 2020 reaching BRL 11.7 billion in profit during the last year, down 3.7% compared to 2019. In the fourth quarter alone, profits went 63.3% up, to BRL 6.9 billion, led by a positive impact of BRL 4.3 billion in tax credits, the company informed.

Ambev also reported that its beverages delivery app, Zé Delivery “continued to grow exponentially in the quarter, being now present in more than 200 cities across all 27 Brazilian states and reaching almost 50% of the country’s entire population.”

Ambev’s direct-to-consumer platform delivered over 27 million orders during 2020, said the company in its quarterly financial results report.

As social isolation measures forced consumers to embrace last-mile delivery solutions to a wider range of services; delivery of groceries and meals are not the only ones surfing this wave. Earlier this month, ride-hailing giant Uber announced that it has agreed to acquire the US-based alcohol delivery marketplace Drizly for a $1.1 billion deal.

Drizly is the leading on-demand alcohol e-commerce in the United States. 

Get the best insights about Latin America market in your inbox