just the Preview - SABMiller's Q1
It has been a busy quarter for SABMiller
SABMiller will release a first-quarter trading update on Thursday (23 July). Here, just-drinks looks back at the beer producer's activities in the three months to the end of June:
- In April, SAB announced plans to roll out brown bottles for its Pilsner Urquell brand to Italy and the UK
- In the same month, SABMiller's head of supply & human resources announced plans to retire, with the brewer looking to split his functions into two new roles
- In a trading update to the end of March, the company saw sales hold firm, despite a flat performance in the period from North America. In a focus on the group's main regions, Latin America and Africa showed promise
- And, in its full-year results, released in April, profits slipped under challenging ForEx conditions, forcing the company to look at new ways to cater for the "ever-sophisticated beer drinker". Cue the purchase of UK craft brewer Meantime in May and the beginning of the end for the term 'craft'.
- In June, the corporate affairs director for its European division, Gabor Garamszegi, confirmed his intention to retire.
- After heaping praise on the Latin American beer market, the company announced grand plans for the region, saying it not only wishes to expand its ties with Coca-Cola, but also chosing a high-end positioning for its presence in Brazil over making an acquisition in the country
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