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AUS: Foster's, Lion Nathan sales “consistent” with forecasts

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Foster's Australian and Lion Nathan sales data has been "consistent with forecasts", according to a recent survey.

Market researcher AC Nielsen said yesterday (31 October) that Foster's Australian off-trade beer sales declined by 4% in volume in the three months to the end of September compared to the same period a year earlier.

The survey also showed average price growth of 4.8% during the quarter across the Foster's beer portfolio.

Lion Nathan recorded a 6.3% increase in sales value on the back of a 5.4% increase in average price, while volumes were up just 0.9%.

Credit Suisse analysts said the data were consistent with forecasts for Foster's to report flat volume and 4% price growth for 2007-08, while Lion was expected to report a 6.6% increase in revenue for 2006-07 when its annual results are released on 21 November.


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