Nov. 12, 2015, 3:21 AM
- Just a day after sealing its MegaBrew deal, SABMiller (OTCPK:SBMRY) reported higher underlying sales and beverage volume for the second quarter, although EBITA fell 11% to $2.9B in the six months through September.
- "We had a good first half, stripping out the effects of adverse exchange rates," Chief Executive Alan Clark said.
- Meanwhile, AB InBev (NYSE:BUD) is lining up a $75B loan package to fund its acquisition of SABMiller, an arrangement that will likely save the brewing behemoth millions of dollars in fees.
- Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
Oct. 14, 2014, 4:03 AM
- SABMiller's (OTCPK:SBMRF) FH1 net producer revenue (NPR) grew 5% on an underlying basis vs forecasts of +5.5%, while NPR per hectolitre rose 3%.
- The volume of beer sold dropped 1% vs expectations of +1%.
- Q2 NPR increased 3% and NPR per hectolitre grew 4%.
- SABMiller's African and Latin American businesses contributed to revenue growth, although currency movements and weaker Q2 trading conditions in China and Australia hurt the brewer's performance.
- SABMiller's shares are -0.55% in London. (PR)
Jan. 21, 2014, 3:07 AM
- SABMiller (SBMRF) FQ3 net producer revenue (NPR) +4% on an organic, constant currency basis .
- NPR per hectolitre (hl) +2%.
- Organic beverage volumes +2%; lager +1% vs consensus of +2% and soft drinks +7%.
- Financial performance is in line with expectations, although the strength of the U.S. dollar will hurt results.
- Emerging-market businesses drove SABMiller's growth. "The combination of pricing and volume growth, particularly in Africa, Latin America and China, supported net producer revenue growth of 4%." the company said. However, weak consumer sentiment especially affected its European and North American operations. (PR)
Nov. 21, 2013, 3:28 AM
- SABMiller's (SBMRF) H1 net profit climbed 8.5% to $1.71B.
- Net producer revenue, which includes sales from joint ventures, increased to $13.79B from $13.67B, in line with market expectations.
- EBITA +4% to $3.27B.
- Organic EBITA +7% vs consensus of +6%.
- Gains in Africa, Latin America and Asia-Pacific helped to outweigh volume declines in Europe and North America.
- SABMiller warned that a strengthening dollar will hurt FY results.
- Shares +0.8% in London. (PR)
Oct. 17, 2013, 3:45 AM
- SABMiller (SBMRY.PK) H1 revenue +4%, total beverage volume +2%.
- "We achieved a strong performance across our African business and made good progress in building on our positions in Latin America, South Africa and the Asia-Pacific region," CEO Alan Clark says. "Trading conditions in Europe and North America saw a modest improvement."
- Strengthening U.S. dollar will hurt results.
- Shares +4.3% in London. (PR)
May 7, 2013, 7:32 AM
MillerCoors (SBMRY.PK,TAP) says total sales increased 1.6% to $1.788B in Q1 M although volume fell 1.9% to 14.51M barrels. Profit dropped 1.2% to $271.9M during the quarter as commodity inflation took a toll. By brand, sales of Coors Light fell at a low single-digit pace while Blue Moon and Redd's Apple Ale performed well. (PR)| May 7, 2013, 7:32 AM