UK: SABMiller H1 volumes rise across the board

By | 15 October 2007

SABMiller has reiterated its strong start to the company's latest financial year.

In a trading update issued today (15 October), the brewer said that total sales volumes for the six months to the end of September rose organically by 11% on the corresponding period a year earlier.

Revenue growth has been partially offset, however, by higher input costs and increased investment across the business, SABMiller said. Financial performance for the period remains in line with management's expectations, the company noted.

A moderation of growth in Latin America in recent months saw volumes in the region increase by 8%, with sales slowing - as expected - in Colombia. SABMiller said it is continuing a restructuring of its route to market network in the country, as well as relaunching its Aguila brand through a phased rollout. In Peru, volumes were up by 10%.

Europe, meanwhile, saw volumes lift by 12%, as warm weather in the first two months of the half-year was counter-balanced by poorer weather in the later months. The company saw Poland (+13%), Russia (+18%) and Romania (37%) drive growth across the continent.

In organic terms, SABMiller's North American volumes were up slightly in the period, by 1.4%. Miller Chill, which was introduced across the US in June, continues to trade above expectations whilst volumes of the group's international worthmore brand Peroni Nastro Azzurro and craft beer Leinenkugel's are up by strong double-digit percentages.

China proved the major driver of SABMiller's Africa & Asia operations, delivering 22% growth as the region saw volumes lift by 20%. In South Africa, volumes inched up 2%, while soft drink volumes were up 9% on favourable weather conditions in the country.

Sectors: Beer & cider

Companies: SABMiller

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