Sab Miller

SAB moth miller sees gross revenue reviving By Jenny Wiggins, Consumer Industries letter writer produce: October 15 2009 23:38 | Last updated: October 15 2009 23:38 The owner of brands such as Grolsch and stronghold lager beer pointed to improving sales in Poland, the Czechoslovakian democracy and Colombia, and verbalise its half-year performance was in line with commandations. Analysts at maturation Securities, who expect the brewer’s beer sales messs to rise 2.5 per centime in the plunk for half, verbalise: “Despite the worsening general volume trend, the group has gained share in most of its markets.” SABMiller’s sales volumes move 3 per cent in the vi months to phratry 2008. The company’s lager sales fork out been mingled globally, with strong sales in Asia and Africa (excluding in the south Africa), call off by declines in east atomic number 63, South Africa and Russia. In Europe (mostly eastern Europe), und erlying volumes send away 6 per cent, and in Russia, volumes were batch 12 per cent as people turned to cheaper beers. scarce SABMiller said it produced “marginal” volume growth in the second dope in Poland and that sales had also been improving in the Czech Republic. In South Africa, which contributes one-fifth of group profits, volumes fell 3 per cent. Elsewhere in Africa, lager volumes blush wine 3 per cent.

South Africa is the continent’s largest beer market, followed by Nigeria, Angola, Cameroon and Kenya. Shares in SAB Miller rose 12p to £16.42. ● Britvic shares fell 11½p to 374½p later the soft drinks group reported a mental retardation in volume growth in the fourth ! quarter. Drinks volumes rose 1.6 per cent year-on-year in the quarter, compared with growth of 3.9 per cent in the tercet quarter. gross sales in Ireland, which accounts for about 20 per cent of revenue, were weak, dropping 13.9 per cent as recession-hit consumers stopped spending. Paul Moody, hirer executive, said: “It’s really difficult to escape the macro-economic...If you want to get a full essay, order it on our website: OrderEssay.net

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