UK: SABMiller volumes up, trading in line
SABMiller said today that it had recorded organic lager volume growth of over 4% for the 11 months to February.
In a statement the brewer said: "Group financial performance remains in line with our expectations as communicated at the time of our interim announcement."
In the US, Miller's domestic sales to retailers (STRs) were 0.9% above prior year for the 11 months. The company said Miller Lite sales have continued to grow, albeit at a slower rate as a result of cycling higher year-on-year comparables and a weak industry trading environment. Domestic shipments to wholesalers (STWs) were in line with STRs for the 11 months.
In Central America, tougher market conditions and an increase in excise on beer in El Salvador contributed to carbonated soft drink volumes being down 7% for the year to date, and beer volumes down by 1%.
In Europe, organic lager volume growth for the year to date was almost 5%, with continuing strong performance from Poland, Russia and Romania being partially offset by weakness in Italy, Hungary and Slovakia.
The Africa and Asia business has continued to record good growth, the statement said, with an increase in organic lager volume, on a year to date comparable basis, of almost 10%.
Beer South Africa volumes grew by 4% on a year to date comparable basis, whilst ABI achieved a volume growth of 7%. "South African volume growth was supported by continuing robust consumer spending," SABMiller added.
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