logo
Share SHARE
FONT-SIZE Plus   Neg

SABMiller Revenues, Lager Volumes Rise - Update

British brewer SABMiller Plc (SAB.L,SBMRY.PK) reported Thursday a 7 percent increase in full-year revenues, with a 3 percent growth in lager volumes. The company also said its overall financial performance is in line with its expectations.

In a trading update for the 12 months ended March 31, 2012, the company said its revenues grew 7 percent on an organic, constant currency basis. Revenue per hectolitre was up 4 percent from last year. On an organic basis, lager volumes increased 3 percent from last year. Soft drinks volumes improved 7 percent from the preceding year.

The company said its organic growth rates exclude the impact of acquisitions and disposals on volumes and revenues. In the fourth quarter, group revenue grew 10 percent on an organic, constant currency basis, with group revenue per hl improving 5 percent.

In Latin America, lager volumes for the year advanced 8 percent on an organic basis. Soft drinks volumes in the region improved 10 percent, with strong growth across all categories.

In Europe, full-year lager volumes declined 1 percent, as beer market growth continued to be subdued and due to the aggressive promotion of economy brands and packs by competitors. Meanwhile, in the UK, volume grew 8 percent from a year ago.

The company reported a 13 percent growth in lager volumes in Africa on an organic basis, despite strong prior year comparatives and emerging capacity constraints in some markets. Total Africa soft drinks volumes grew 11 percent.

In South Africa, lager volumes grew 2 percent from last year and showed a 2 percent improvement in Soft drinks volumes.

Further, lager volumes in the Asia Pacific region improved 4 percent in the year. In China lager volume increase was 9 percent on a reported basis and 4 percent on an organic basis.

For the full year, MillerCoors LLC, the U.S. joint venture of Molson Coors Brewing Co. (TAP, TPX_A.TO, TPX_B.TO) and SABMiller, said its US domestic sales to retailers decreased 2.4 percent. According to the company, mainstream beer segment continued to be affected by economic pressure on key consumer demographics. Domestic sales to wholesalers also declined 2.7 percent.

SAB.L is currently trading at 2,631.5 pence, up 15.5 pence or 0.59 percent, on a volume of 225 thousand shares on the LSE.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
'Booth babes' will not be seen at the RSA Conference scheduled to be held next month, as the exhibitors have added a new clause to its rules that ban revealing clothes. Although, RSA did not use the term "booth babe," its contract clearly explains that staff deployed at booths should wear business... Election fever has gripped the UK as Prime Minister David Cameron on Monday urged his people to prudently choose either a prosperous future under his Conservative Party or economic ruin under the Labour Party headed by Ed Miliband. Fast food giant McDonald's Corp. (MCD), reportedly plans to serve its breakfast menu for the whole day. According to a CNBC report citing analysts from Janney Capital Markets, McDonald's is planning to test serve breakfast for the whole day at select locations starting in the next few months. "Our...
comments powered by Disqus
Follow RTT