Member Article

Sales up 3% at SAB Miller as UK lager volumes rise

A 5% rise in UK domestic lager volumes has helped helped major brewer SAB Miller to deliver a 3% rise in full-year sales.

The UK-based brewer and soft drinks provider, which employs 70,000 across 75 countries, said its Peroni Nastro Azzurro brand showed a particularly strong performance in the UK.

Soft drinks volumes across SAB Miller’s whole business rose 5% across the year, although it warned that depreciation of key currencies against the US dollar would adversely impact the results.

The firm said regulatory conditions in Turkey and Russia had impacted lager volumes in these countries, while growth in Latin American sales was progressed against difficult trading conditions.

Alan Clark, chief executive of SABMiller, said: “We continued to deliver top line growth for the year, despite a number of headwinds and a challenging fourth quarter.

“The combination of our global overview and deep local insights enables us to fine tune our operations in each market and to deliver commercial progress, which underpins our confidence in our ability to deliver higher revenue growth in the longer term.”

This was posted in Bdaily's Members' News section by Tom Keighley .