SABMiller maintained its sales and volume growth from Q3 into Q4

SABMiller maintained its sales and volume growth from Q3 into Q4

SABMiller has reported a healthy end to its fiscal full-year, ahead of its pending takeover by Anheuser-Busch Inbev.

In a trading update for the 12 months to the end of March, released today, the brewer reported a 5% lift in sales, with volumes increasing by 2%. The full-year performance mirrors the +5% sales and +2% volumes figures released for the first nine months of SAB's fiscal FY, in January.

In the fourth quarter, sales increased by 7% on a 4% rise in volumes.

Sales in reported terms, meanwhile, were down by 8% in the FY and by 4% in Q4. SAB said this was due to "the adverse translational impact on our results of the depreciation of our key operating currencies against the US dollar".

For a look at SABMiller's full-year performance on a regional basis, click here

Africa led the way for the group in 2015-16, with the region posting an 11% sales jump. Latin America grew sales by 8%, while Asia Pacific rose by 3%. Sales in Europe increased by 2%, while North America was flat in the year.

"We have had a strong year and increased momentum in the second half across all our regions, notwithstanding economic volatility and the potential distraction of the AB InBev offer," said CEO Alan Clark. "Our results reflect our strategy to expand the beer category and to grow and premiumise our diverse brand portfolios."

Profit details for the year will be announced on 18 May.

As part of its US$107bn takeover of SAB, Anheuser-Busch announced earlier this week that it has accepted Asahi's offer to acquire SAB's Grolsch, Meantime and Peroni Nastro Azzuro brands for $2.87bn. The purchase is conditional on the completion of AB InBev's purchase of SAB, which is expected to complete later this year.

For just-drinks' full coverage of Anheuser-Busch InBev's move for SABMiller, click here

To read SABMiller's FY trading update, click here.