Subscribe & Follow

Advertise your job vacancies

Jobs

General Manager Operations (Zambia) Lusaka
Group Head - HSE (Health, Safety & Environment) Lusaka
Senior Debtors/Creditors Clerk Babelegi
Internal Operations Administrator Durban

SABMiller first quarter total beverage volumes up 3%

24 Jul 2014

Global breweries company SABMiller (SAB) said its total beverage volumes grew by 3% in the first quarter‚ mainly due to strong demand from its African and European operations.

SAB's Alan Clark says the first quarter produced strong growth for the company in Africa and Europe, which was partially offset by a drop in demand in Australia. Image: SABMiller

Soft drinks and beer volumes from its South African unit jumped by 12% during the period‚ buoyed by the number of public holidays during Easter and favourable weather conditions.

The company said South Africa's premium lager portfolio performed well with both Castle Lite and Castle Milk Stout delivering double-digit volume growth.

In Europe total volumes were up by 5%‚ with revenue from the UK climbing 23% mainly because of strong demand for the Peroni lager. Improved distribution channels also helped boost volumes.

"Strong growth in Africa‚ South Africa and Europe was balanced by slower momentum in North America and a reduction in NPR (net producer revenue) in Australia in difficult trading conditions‚" SABMiller Chief Executive Alan Clark said.

SABMiller‚ which also makes Miller Lite and Pilsner‚ said beverage volumes in Latin America increased by 2%‚ despite a number of one-off trading restrictions in Colombia.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za