Peroni helps SABMiller to shrug off declining UK lager market
City A.M.com - Apr 24th, 08:08
Demand for Peroni has pushed brewing giant SABMiller to an increase in UK sales, despite an overall decline in the domestic lager market.
The FTSE 100 firm, the world’s second-largest brewer, said yesterday that distributing Peroni in more pubs has led to a four per cent rise in UK sales on a volume basis in the year to April.
Worldwide, the company’s volume sales rose three per cent, and higher lager prices mean that SABMiller’s annual revenues have risen by seven per cent.
It saw surprisingly strong demand in Africa, where the firm has recently launched cheaper beers aimed at taking on illicit brewers, and Europe, where sales of its Tyskie brand proved popular during Poland and Ukraine’s Euro 2012 football tournament.
Recent warm weather in China boosted the Asia Pacific region after a perilously cold winter, but the final quarter of the year in Latin America, SABMiller’s largest market, disappointed.
Volume sales in the region fell one per cent in the first three months of 2013, which the company blamed on economic conditions and strict regulation.
SABMiller, which owns around 200 brands including Grolsch and Pilsner Urquell, saw shares rise by 1.6 per cent earlier last week.
SABMiller: Stock hit by Unilever data, strike
14/10/2013 - 10:30
SABMiller suffered its biggest weekly decline in more than two years last week as a strike at its South African beer operations continued and Unilever said sales growth slowed in emerging markets.
SABMiller expects more consolidation
24/09/2013 - 11:40
The consolidation of the global beer industry, which took SA Breweries from a dominant South African player to a dominant global player in just 10 years, had not come to an end, Alan Clark, SABMiller’s recently appointed chief executive, said this week.
SABMiller ramps up brewing in Africa
26/08/2013 - 08:21
In a bid to ensure it is able to harness the ongoing strong demand in Africa, SABMiller announced two major investments in the region yesterday.
UK: Sports mania hindering sales, John Lewis
22/07/2013 - 10:51
London - John Lewis, Britain's biggest department store firm, has blamed Andy Murray's Wimbledon triumph, the first Ashes test in cricket and a heat wave for keeping shoppers out of its stores last week.
Getting Chinese to drink more South African wine
19/07/2013 - 07:29
Cape Town - The Western Cape department of agriculture, together with Wines of South Africa, recently hosted the second Beijing Wine Tasting in China.