While growth in most regions continues to be strong for drinks giant SABMiller, the firm is continuing to experience struggles in its European and North American markets, which held back group lager volume growth to 3% in the third quarter ended December 31st.
Nevertheless, organic revenues at constant currency increased by 7% compared with last year.
"Beer markets [in Europe] remain affected by intense competition, which continued negatively to impact mix, as well as fragile economic conditions," the firm said.
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Volumes for Foster's, the Australian beer brand acquired last month for $10,465m, were not included in third quarter numbers.
More to follow...
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