UK: SABMiller sees H1 sales rise, as Africa drives growth
- H1 group net sales up 4%
- Volumes up 2% in six months to end of September
- H1 growth driven by Latin American, Africa, South Africa
- “Confident” in long-term growth prospects
SABMiller saw strong sales in Africa and China
A strong performance in Africa and signs of improvement in Europe and North America has seen SABMiller deliver a single-digit rise in first-half sales.
The London-headquartered brewer said earlier today (17 October) that net sales in the six months to the end of September rose by 4%. Total volumes increased by 2% on an organic basis in the period, with lager volumes up 1% and soft drinks volumes up 5%.
The company pointed to its strong trading in Africa, where sales increased by 11% in the six months, against a volume rise of 7%. In Asia-Pacific, growth was driven by China, with sales up 14% in the country on a constant currency basis. In South Africa, sales rose 7%, while in Latin America sales grew 5%.
In Europe, however, sales fell by 1% as the region remains a “challenging environment”, the group said. In the US, in its MillerCoors business, sales to retailers fell by 3.2% in the first half.
However, chief executive Alan Clark said: “Following a challenging start to the year, trading conditions in Europe and North America saw a modest improvement in the second quarter, although the consumer environments here are expected to remain under pressure.”
Looking ahead, he added: “Despite current prevailing uncertainties about developing market economies, we remain confident in the long term growth prospects for the group.”
Shares in SABMiller were trading up by 4% today at GBP31.64.
To read the company's official statement, click here.
To read coverage of an analyst's note on these results, click here
As we start our annual series of management briefings that focus on environmental sustainability, Ben Cooper looks at the importance of integrating the issue into all aspect of a company's operations ...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
In the second part of this month's management briefing, which shines the light on the importance of environmental sustainability in the brewing industry, Ben Cooper considers the impact of stakeholder...
The world’s second largest brewer, SABMiller’s geographic profile provides a strong platform from which to exploit forecast volume growth in emerging markets. This profile analyses the company’s emplo...
The penultimate part of this month's management briefing sees Ben Cooper continue his review of the environmental efforts of the larger brewers. Here, he looks at Heineken, Molson Coors and SABMiller....
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...
Alcoholic Drinks in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 201...
- Comment - Heineken's 'No' Cuts SABMiller Options
- Irish whiskey eyes a slice of Scotch's global pie
- SABMiller spurned by Heineken: The start of the en
- Can the New World Learn a Lesson from the Old?
- Guinness: A Great Day for St James's Gate
- Patron Spirits' Patron Citrónge Lime
- Heineken rejects SABMiller purchase proposal
- Wm Grant CMO to head Orangina Scweppes Int'l
- Diageo's Special Releases 2014
- SABMiller, Heineken silent on takeover offer talk