SABMiller quarterly sales rise on Latin American, African demand - CNBC Africa

SABMiller quarterly sales rise on Latin American, African demand

Southern Africa

by Reuters 0

SABMiller quarterly sales rise on Latin American, African demand. PHOTO: CREAM GLOBAL

Brewer [DATA SAB:SABMiller plc] reported a rise in quarterly sales, helped by higher demand for beverages in Latin America and Africa, which were partly offset by declines in Europe.

The world's No. 2 brewer, with brands including Peroni, Grolsch and Pilsner Urquell, said revenue rose three per cent in the three months to June 30, the first quarter of its new financial year.

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Volume of lager, SABMiller's core business, declined 1 percent, while volume of soft drinks rose 4 percent.

"Both revenue and volumes grew strongly in Latin America and Africa in the quarter, tempered in particular by a challenging quarter in our key European markets, where the trading environment remains difficult, and softer volumes in China," Chief Executive Alan Clark said in a statement on Thursday.

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