SABMiller, the world’s second-biggest brewer, reported higher first-quarter sales volumes on Thursday, helped by demand during an Easter holiday that fell later than last year.
The London-listed company behind beers such as Miller, Grolsch and Peroni said revenue rose 6 percent in the three months to June 30, while volume sold was up 3 percent.
The company said its financial performance was in line with expectations.
First quarter highlights
- Group NPR grew by 6% and group NPR per hectolitre (hl) grew by 3%, both on an organic, constant currency basis
- Total beverage volumes grew by 3% on an organic basis
- Lager volumes grew by 1% on an organic basis, driven by China, Europe and Africa
- Soft drinks volumes grew by 10% on an organic basis, reflecting strong growth in Latin America, Europe, South Africa and Africa
- The group’s financial performance is in line with expectations
Read the SENS announcement