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SABMiller gains from return to growth in East Europe

26 July 2012 By admin

LONDON, July 26 (Reuters) – Beer drinkers in emerging
markets helped global brewer SABMiller to a 5 percent
quarterly rise in underlying beer volumes on Thursday as strong
growth there, especially a rebound in eastern Europe, offset
continued declines in North America.

The world’s second-biggest brewer and maker of Miller Lite,
Grolsch and Peroni beers added price rises pushed up revenue 8
percent in its April-June first quarter, as it added that group
trading was in line with its own expectations.

The 5 percent underlying quarterly rise, coming after
stripping out the effects of acquisitions, beat a consensus
forecast of 3 percent in a company-compiled survey, and follows
a 3 percent volume rise in its year to end-March 2012.

© Thomson Reuters 2012 All rights reserved





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Filed Under: South Africa Tagged With: news, reuters, south africa

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