Emerging market expansion boosts SABMiller

Beverage giant SABMiller ramped up annual revenue after strong growth in developing markets with lager volumes increasing in all divisions except North America.

Beverage giant SABMiller ramped up annual revenue after strong growth in developing markets with lager volumes increasing in all divisions except North America.

The London-based brewer of popular beers Groslsh and Peroni said group revenue increased to $34.48bn in the 12 months March 31st from $31.4bn a year earlier.

Earnings before interest, taxes and amortisation (EBITA) rose 14% to $6.42bn.

Adjusted pre-tax profit climbed to $5.6bn from $5.1bn before while pre-tax profit fell 16% to $4.7bn due to exceptional gains reported last year.

The group, which also makes Coors Lite beer, said lager volumes rose 3% on an organic basis. During the fourth quarter, lager volumes increased to 4% after growth in Asia-Pacific, Africa and Europe outweighed a surprise drop in its biggest region Latin America.

Adjusted earnings increased 12%, with adjusted EPS rising 11% to 238.7 US cents per share.

Acting Chairman John Manser said: "Through a combination of innovation, effective brand development and good commercial execution we continued to develop the beer category and widen the appeal of our products."

"Strong growth in our developing markets was supported by investments in additional capacity, commercial capability and distribution reach."

Looking ahead SABMiller said it expects trading conditions to be broadly unchanged. The group said it would take price increases selectively while unit input costs are expected to rise in low to mid-single digits in constant currency terms.

The full year dividend per share has been increased 11% to 101.0 cents.

CJ

Recommended

How to profit from pampered pets beyond the pandemic
Share tips

How to profit from pampered pets beyond the pandemic

Covid-19 has greatly boosted ownership. But the market had been expanding for years, and demographic, cultural and medical trends all point to long-te…
30 Jul 2021
Share tips of the week – 30 July
Share tips

Share tips of the week – 30 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Jul 2021
Robinhood is going public – should you invest?
US stockmarkets

Robinhood is going public – should you invest?

Online stockbroking app Robinhood is going public on the US stock exchange. Saloni Sardana looks at whether it's worth a punt.
29 Jul 2021
Three sustainable stocks that are doing well by doing good
Share tips

Three sustainable stocks that are doing well by doing good

Professional investor Peter Michaelis of the Liontrust Sustainable Investment Team picks three stocks to buy that are helping to create a cleaner, saf…
26 Jul 2021

Most Popular

Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021