News

UK: SABMiller posts 24% rise in half-year profits

Most popular

Carlsberg, Marston's are winners, who are losers?

Could bulk beer shipping be a COVID-19 legacy?

Why spirits offers hope for the on-premise

Low abv + botanical leaning = Perfect mix

Campari Group Performance Trends 2015-2019 - data

MORE
The London-based international brewing group, SABMiller, has posted a pre-tax profit for the six months to the end of September of $374m, up 24% from $302m in the first six months of 2001.

The company said that adjusted pre-tax profit was $491m, ahead of analysts' forecasts which had ranged between $417m and $470m. The six-month figures were boosted by a three-month contribution from Miller which the company acquired in July for $5.6 billion.

"Whilst Miller had a difficult three months to September 30, we are confident that it will live up to our long term expectations and will deliver synergies for the group in excess of the initial estimate of US$50m in year three," said the group's CEO, Graham Mackay

Group turnover at SABMiller rose from $2.18 billion to $3.98 billion, while turnover excluding Miller increased from $2.18 billion to $2.67 billion. SABMiller reported that group EBITA had risen from $365m to $553m, while EBITA excluding Miller had risen from $365m to $456m.


Companies: SABMiller

Related Content

"At SABMiller, we went through a bit of disbelief and almost denial" - just-drinks meets Hector Goro...

What's coming up in beer in 2018? - Predictions for the Year Ahead - Comment

What's coming up in beer in 2018? - Predictions for the Year Ahead - Comment...

Anheuser-Busch InBev’s purchase of SABMiller – The Divestments – data

Anheuser-Busch InBev’s purchase of SABMiller – The Divestments – data...

The beer category in 2017 - just-drinks' Review of the Year, Part IV - FREE TO ACCESS

The beer category in 2017 - just-drinks' Review of the Year, Part IV - FREE TO ACCESS...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?