Africa and Asia drive SABMiller results

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 *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Content Manager (Maverick Drinks)

ATOM Supplies
London, UK

Graphic Designer (NPD)

ATOM Supplies
Tunbridge Wells, UK

Press Officer

Speciality Drinks
London, UK

UK Private Clients Manager

Ditton Wine Traders
London, UK

London Business Development Manager

Maisons Marques et Domaines UK Ltd

Head of Buying - Spirits

Enotria&Coe
West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Bruichladdich
Islay, UK

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 2018

Prowein 2018

Dusseldorf,Germany
18th Mar 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more