SAB Miller: volumes and revenue up

By Ewan Turney

- Last updated on GMT

Related tags: Beer, Sabmiller, Sab miller

SAB Miller: volumes up in UK
SAB Miller: volumes up in UK
SAB Miller has reported a 5% growth in beer and soft drinks volumes for the first quarter to 30 June with a 7% increase in group revenue on an...

SAB Miller has reported a 5% growth in beer and soft drinks volumes for the first quarter to 30 June with a 7% increase in group revenue on an organic basis.

The London-listed brewer, which distributes Peroni, Pilsner Urquell, Tyskie and Miller Genuine Draft in the UK, saw lager volumes up 5% across Europe with continued growth in the UK market.

In Europe, Poland volumes were up 4% and Russia up 11% compared to a weak quarter last year. There were also "significantly" higher volumes in the Ukraine but marginally lower in Italy and the Netherlands.

In its other markets, lager volumes were up 6% in Latin America, 15% in Africa, 11% in Asia and level in South Africa. Sales to retailers via its MillerCoors joint venture were down 2.7% as a result of "a continued weak economic environment, ongoing high unemployment levels and subdued consumer spending affected by high fuel prices and poor weather".

SAB has an offer on the table to acquire Australian based Foster's for A$9.5bn (£6.5bn).

Related topics: Beer

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