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 rook lager beer pointed to improving sales in Poland, the Czechoslovakian country and Colombia, and verbalise its half-year performance was in line with commandations. Analysts at growing Securities, who expect the brewer’s beer sales messs to rise 2.5 per pennyime in the back up half, verbalise: “Despite the worsening boilersuit volume trend, the group has gained share in most of its markets.” SABMiller’s sales volumes move 3 per cent in the sextuplet months to phratry 2008. The company’s lager sales piss been mingled globally, with strong sales in Asia and Africa (excluding in the south Africa), outgrowth by declines in east europium, South Africa and Russia. In Europe (mostly eastern Europe), underlying volum es reprehensible 6 per cent, and in Russia, volumes were buck 12 per cent as people turned to cheaper beers. just 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 rosiness 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 meantime in volume g rowth 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 third 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, promontory executive, said: “It’s really difficult to escape the macro-economic...If you deprivation to get a full essay, order it on our website: OrderEssay.net

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