SABMiller held back by Europe, North America
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.
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.
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
Volumes for Foster's, the Australian beer brand acquired last month for $10,465m, were not included in third quarter numbers.
More to follow...
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Tesla seeks approval to supply electricity to UK homes – could it disrupt the energy market?
Tesla has applied for a license to supply UK households with electricity, but taking on the biggest providers could prove challenging
-
Most Brits unaware onshore bonds can help beat inheritance tax – here’s how
A little-known perk of certain types of bonds can let your loved ones off the hook when it comes to inheritance tax – but two-thirds of people have never heard of them