SABMillers African operations include the only brewery in Southern Sudan, where it produces White Bull lager

SABMiller's African operations include the only brewery in Southern Sudan, where it produces White Bull lager

SABMiller expects to make more revenue from beer sales in Africa over the next four years than it had originally forecast.

SABMiller said today (22 March) that, over the next three to four years, revenue per hectolitre from its beer sales in Africa is set to rise by between 3% and 5% annually. The Peroni Nastro Azzurro brewer previously forecast annual increases of between 1% and 3% for its operations in the region.

Higher revenue per hectolitre is set to increase the group's operating profit margins for Africa by around 1% annually over the same time period. It previously forecast flat margins for its African business, which excludes South Africa.

Earlier today, SABMiller's managing director for Africa, Mark Bowman, told analysts: "Over the past three to four years, we have invested over US$1.5bn in capital expenditure, increasing our capacity and market penetration, in addition to taking us into several new markets through acquisitions.

"This investment is paying off and we are expecting to further cement our position as the leading brewer on the African continent."

Africa is expected to account for around 11% of SABMiller's net sales and 12% of its EBITA in its current fiscal year, to the end of March, according to analyst group Sanford Bernstein.