GLOBAL: SABMiller enjoys European bounce as H1 volumes rise
- First-half net sales up by 8% on organic, constant currency basis
- Total volumes up by 9%
- Europe volumes up 9% on an organic basis
- Australian lager volumes drop by 8%
SABMiller announced an H1 trading update today
SABMiller's first-half financial performance has come in “in line with our expectations”, the company has said, as global volumes climbed by 9% over the year prior.
In an H1 trading update today (18 October), the brewer and soft drinks maker posted an 8% rise in group volumes, outpacing Q1 when total volumes grew by 5%. Sales per hectolitre in the six months to the end of September were up by 3% on an organic, constant currency basis, SABMiller said.
Europe benefited from the summer of sport, including the Euro 2012 tournament co-hosted by Poland, which saw lager volumes increase by 10%. Volumes in the UK rose by 5% driven by the continued growth of Peroni Nastro Azzurro, SABMiller said. Overall, European volume sales climbed by 9% on an organic basis.
Latin America lager volumes came in 4% up year-on-year - compared to a 6% rise in Q1 - with soft drinks increasing by 3%. Colombia’s lager volumes grew by 3% in the face of price increases while in Peru sales volumes rose by 6% as consumers traded up from black-market offerings, the company said.
Sales of lager in Asia-Pacific increased by 5%, with reported volumes up by 17% reflecting the acquisition of Foster’s and other acquisitions in China, SABMiller said.
In China, lager growth was 4%, one percentage point lower than in Q1. SABMiller blamed the drop on a fall in consumption in Sichuan, one of China's most populous provinces. Meanwhile, volumes in India were up 23% compared to 24% in the previous quarter.
Australia was once again the sick man of Asia-Pacific for SABMiller, posting an 8% fall in lager sales. For the second quarter in a row lager volumes at CUB, the Australian drinks arms of the Foster's group SABMiller acquired in December, fell by 13%.
Africa saw lager volumes climb by 6% on an organic basis, with Zambia increasing by 14% and Mozambique by 10% on the back of Manica and Impala sales. Ugandan volumes dropped by 3%. Lager volumes in key SABMiller market South Africa rose by 1%, the same as in Q1, with market share improving, the company said without giving details.
Global lager volumes increased by 4% organically while soft drinks volumes climbed by 6%, also on an organic basis.
A complete volume analysis of the domestic and international activities of the world’s leading beer companies. The 2012 Global Brewer Analyser Report is an indispensable reference guide to the world...
Asia Pacific Breweries is Heineken’s joint venture in Singapore, with a variety of brands and consumer beverages that enjoy prominence in their local markets. The venture is crucial to the firm's grow...
In the second part of this analysis of the European Union's review of its strategy to combat alcohol harm across the region, EurActiv details the issues that have to be considered....
SABMiller is looking to generate strong growth in its Latin American markets by focusing on the introduction of "affordable" products in the region....
- CCA - Coca-Cola's Canary in the Mine
- Comment - Hybrid Spirits: Innovation or Laziness?
- just The Preview - Pernod Ricard's Q4 & FY
- just The Preview - Brown-Forman Q1
- Comment - The Race Downhill for Treasury
- Mast-Jägermeister targets UK off-trade boost
- Brown-Forman unveils Jack Daniel's UK push
- Champagne will not regain lost ground until 2018
- Cognac FY sales slide as China troubles bite
- SABMiller exec to become CFO at Beam Suntory