LONDONÂ (Reuters) –Â SABMiller, the world’s second-biggest brewer, reported higher first-quarter sales volumes on Thursday, helped by demand during an Easter holiday that fell later than last year.
The London-listed company behind beers such as Miller, Grolsch and Peroni said revenue rose 6 percent in the three months to June 30, while volume sold was up 3 percent.
First quarter highlights
- Group net producer revenue (NPR) grew by 6% and group NPR per hectolitre (hl) grew by 3%, both on an organic, constant currency basis
- Total beverage volumes grew by 3% on an organic basis
- Lager volumes grew by 1% on an organic basis, driven by China, Europe and Africa
- Soft drinks volumes grew by 10% on an organic basis, reflecting strong growth in Latin America, Europe, South Africa and Africa
- The group’s financial performance is in line with expectations
Alan Clark, Chief Executive of SABMiller, commented, “We continued to drive strong NPR growth across our businesses. This has been achieved through our prolonged success in building local and global flagship brands across our broad geographic footprint, together with innovations and improved trade execution. Strong growth in Africa, South Africa and Europe was balanced by slower momentum in North America and a reduction in NPR in Australia in difficult trading conditions. Latin America performed well despite a number of one-off trading restrictions in Colombia.”
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