FDBusiness.com

SABMiller Continues to Drive Revenue and Growth

 Breaking News
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...

SABMiller Continues to Drive Revenue and Growth

SABMiller Continues to Drive Revenue and Growth
November 22
12:42 2013

Fuelled by continued growth in its developing markets, driven by increased capacity, consumer reach and investment in brand portfolios, SABMiller has reported a 4.7% increase in group revenue to $17.6 billion, with profit before tax rising by 7% to $2.4 billion for the six months ended 30 September 2013.

Lager volume grew 1% on an organic basis, with good growth in Africa partially offset by declines in Europe and North America. Reported EBITA margin increase by 60 bps to 23.7%, with an improvement of 80 basis points on an organic, constant currency basis

“We have continued to deliver on the potential of our businesses in both developed and developing markets, with revenue and margin improvements amid mixed trading conditions,” says Alan Clark (pictured above), chief executive of SABMiller. “We have improved the reach of our mainstream brands across most regions, and through initiatives such as the launch of Redd’s Apple Ale in the USA, the momentum behind Castle Lite across Africa, and the increasing appeal of Peroni Nastro Azzurro from Europe to Australia, we are strengthening our premium propositions across the group and evolving our high-end brand portfolios to appeal to an ever wider range of consumers and drinking occasions.”

In Europe, EBITA declined by 1%, including the benefit of the full consolidation of Coca-Cola Icecek in the Anadolu Efes’ results (an 8% decline on an organic, constant currency basis). Revenue grew by 9%, driven by the addition of Coca-Cola Icecek soft drinks volumes, while organic, constant currency group revenue declined by 1%. The revenue decline on an organic, constant currency basis reflected volume led declines in Poland and the Czech Republic, partially offset by volume led growth in Romania, the UK and Slovakia. Reported EBITA margin declined by 190 bps due to the impact of adverse channel and brand mix in Poland.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements