SABMiller builds up a head
Lager brewer SABMiller saw good growth in lager volumes shipped across most regions in the first half of its financial year.
Lager brewer SABMiller saw good growth in lager volumes shipped across most regions in the first half of its financial year.
On an organic basis lager volumes for the six months to the end of September were 4% ahead of the prior year. Soft drinks volumes were 6% higher year-on-year on an organic basis.
Including the effect of acquisitions and disposals, total volumes were up 9% compared with the first half of the prior year. Organic, constant currency group revenue grew by 8% in the half year, with group revenue per hectolitre up by 3% on the same basis, reflecting selective price increases helped by improved brand mix in most regions.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Overall, financial performance for the half year was in line with management's expectations, and a touch better than the 7.5% organic revenue growth expected by Credit Suisse.
JH
-
BoE: Millions of mortgage borrowers will be hit with higher repayments next year
News Higher interest rates are yet to fully hit households and monthly mortgage repayments will rise between £200 and £1,000 – how much will your home loan go up by?
By Marc Shoffman Published
-
Halifax: House prices rise for the second consecutive month
UK house prices rose again in November, suggesting a resilient property market amid economic turmoil in the past year- are we heading for a crash?
By Vaishali Varu Published