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.
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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