UK: SABMiller volumes rise in Q1

By | 31 July 2007

SABMiller has posted a healthy lift in quarterly sales volumes, despite a flat performance by its US division.

The brewer said today (31 July) that lager volumes for the three months to the end of June were up by 13% in organic terms. Financial performance was described as "good", despite higher input costs and increased investment across the business.

By region, Latin America saw sales volumes lift by 12%, driven by strong performances in Colombia and Peru, and the successful relaunch of the Aguila beer brand in Colombia.

Europe, meanwhile produced volume growth of 17%, thanks in part to good weather over the continent in April and May. Growth in Poland leapt by 20%, the same as in Russia. Romania was up an impressive 52% with Czech up 10%. Italy saw volumes rise only slightly, however, by 3%.

In North America, Miller's US domestic sales to retailers were down by 0.7% on an organic basis as Miller drove higher pricing across its portfolio. Miller Lite brand volumes were level with the prior year and STRs of the worthmore portfolio, including Sparks, were up 63%. SABMiller also highlighted strong volume growth for Miller Chill, introduced during the quarter.

The Africa & Asia business achieved organic growth of 23% in lager volumes. In Africa (excluding Zimbabwe), lager volumes grew by 5% on an organic basis, with a good start to the year in Tanzania and Mozambique and growth in Botswana after what the company described as two difficult years.

South Africa saw lager volumes increase by 4%, while soft drinks volumes were up by 13% reflecting the favourable weather conditions in April and May.

Sectors: Beer & cider

Companies: SABMiller

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