You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Sunday 5 July 2015

Africa and Asia drive SABMiller results

21st January, 2014 by Rupert Millar

Beer giant SABMiller’s Q3 results were pushed upwards thanks to growing sales in Africa, Asia and Latin America the group has announced.

Nigeria beer SABMiller

Increased capacity in Nigeria helped supply demand for the Hero and Trophy brands.

The brewer released its third quarter results for the period ending 31 December 2013 today (Tuesday 21 January), announcing a net producer revenue up 4% and sales volume up 2%.

Alan Clark, chief executive of SABMiller, commented: “Growth in the third quarter was driven by our emerging businesses where we are successfully targeting new consumers through affordability and premiumisation initiatives across our brand portfolios.

“The combination of pricing and volume growth, particularly in Africa, Latin America and China, supported net producer revenue growth of 4%.

“This was in spite of continued weakness in consumer sentiment, which particularly impacted our European and North American businesses.”

Net producer revenue (NPR) in Latin America grew 5% in the third quarter. Colombia saw volume growth of 1% while Peru held steady on the back of last year despite rising excise duty.

Ecuador’s volume growth was 4%, driven by Pilsener Light while in Central America, lager volumes grew by 3% thanks to large pack sales in El Salvador and the strong performance of Miller Lite in Panama and Honduras.

NPR in Africa grew by 8% in Q3 on an organic basis, volume growth was 5%. Tanzania and Zambia were strong performers with respective volume growths of 3% and 12%.

South Africa was an important market for the group, particularly the premium portfolio where Castle Lite and Castle Milk Stout saw a combined 10% increase.

Political unrest in Mozambique had an adverse effect on sales there and there were small declines in Uganda and Zimbabwe too but increased capacity at the group’s Nigerian breweries supported positive growth for its Hero and Trophy lager brands.

Asia Pacific’s NPR grew 6% organically in the period, slight losses in Australia offset by volume growth of 13% in China and lower volumes in India were counteracted by “favourable” pricing.

North America and Europe were the most challenging markets, NPR declining 6% in Europe with lager volumes down 5%.

Volumes in the UK were up 9% led by Peroni Nastro Azzuro thanks to an increase in distribution but Italy, Poland and Romania saw tougher trading conditions.

MillerCoors’ NPR went up 1% in the US, and its Miller Lite and Coors Light brands saw small, single-digit volume falls.

SABMiller concluded that its financial performance was “in line with expectations”.

It also announced that on 18 December chairman Graham Mackay died and the board has appointed John Manser as chairman with immediate effect.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

If that's interesting, how about these?

China’s Ningxia region launches wine contest

Select winemakers will have the chance to travel to China to learn from its more...

Carlsberg creates beer-shampoo

Danish brewer Carlsberg has launched a new range of men’s grooming products more...

Chinese student builds house out of beer bottles

An engineering graduate and his father have built a two-storey house made out more...

Oregon producer takes international view

One of Oregon’s youngest wine estates has partnered with Jackson Family Wines more...

The week in pictures

Pub-friendly pooches, Kevin Spacey and a one-off tasting of Achaval Ferrer more...

Diageo 'shelves' £240m Chinese scheme

Swellfun, the Chinese subsidiary of drinks giant Diageo, has reportedly more...

PR Senior Account Manager/Director

London, United Kingdom

Depending on experience

Top 10 new craft beers

With new beers coming onto the market all the time, it can be difficult to keep more...

Hong Kong: Red obsession

While whites are starting to be taken seriously in Hong Kong restaurants, the more...

World's best beer and wine festivals

Forget Glastonbury, these are the festivals you should be making a beeline for more...

Warehouse Supervisor

London, United Kingdom

£27,000-£30,000 depending on experience

World's cheapest city for a beer revealed

The average price of a bottle of beer is £1.07 in Krakow and Kiev, making them more...

Lidl hints at plans for online wine shop

UK supermarket Lidl has not ruled out launching an online wine shop, reporting more...

Tesco sales take a tumble despite price cuts

Tesco's like-for-like sales fell by 1.3% in the three months to 30 May, an more...

Top 10 Hong Kong craft beer bars

Anyone looking to quench their thirst with a ginseng microbrew should more...

Venezuela faces beer drought

Venezuela could soon entirely run out of beer as workers at the country's more...

Coors Light heads home

Sometimes, the route to excellence is a process of devolution rather than more...

Supplier Relationship Manager

London, United Kingdom

Queen releases Bohemian Lager

Rock band Queen have launched a lager to celebrate 40 years since the release more...

Molson Coors UK acquires Rekorderlig

Molson Coors UK has acquired the rights to Swedish cider Rekorderlig in the UK more...

UK customs seize 550,000 litres of alcohol

More than 550,000 litres of illegal beer, wine and spirits have been seized by more...

Social Media Editor

Competitive

UK reviewing alcohol intake guidelines

Health officials are to review the government's drinking guidelines, as more...

Yealands sells majority stake

Yealands Family Wines' owner Peter Yealand has agreed to sell 80% of the more...