SABMiller’s Africa Volume Surges 6% On Additional Capacity
FMCG SUPPLIER NEWS
Ventures Africa - May 9th, 10:21
VENTURES AFRICA – SABMiller reported in April this year that full year lager volumes in Africa surged 6 percent on the back of additional capacity coming on stream and enhanced availability.
In a trading update for the 12 months to March this year, the world’s second largest brewer said Zambia’s full year lager volume growth surged 12 percent.
This was driven by improved availability, which was supported by the Ndola brewhouse commissioning in November last year.
Full year lager volumes in Tanzania dropped by 8 percent on excise related pricing and beer market contraction.
But volumes returned to growth at the end of the year and the fourth quarter was in line with the prior year.
Mozambique produced a strong performance with full year lager volume growth of 11 percent on robust growth of SABMiller’s mainstream brands.
SABMiller said good progress was made in Nigeria through the commissioning of the Greenfield brewery in Onitsha in September last year on the successful brand launch of Hero and the continued growth of the Trophy brand.
In Zimbabwe, growth was somewhat held back by softening economic conditions. Volume growth was up 4 percent on the prior year and Uganda was level.
“Our associate Castel delivered lager volume growth of 6 percent on a pro forma basis including the combined Angola business and their Madagascar acquisition,” the firm said in a statement.
Soft drinks volumes grew by 9 percent on an organic basis assisted by strong performances in Nigeria, Zambia, Ghana and Castel.
In South Africa, lager volumes for the year grew by 2 percent and market share increased against a backdrop of difficult trading conditions.
Sales benefited from innovative, through-the-line execution of key brand propositions, notably Castle Lite and Castle Lager and continuing improvements to customer service.
In the fourth quarter, volumes were up 1 percent, cycling strong growth in the prior year. They were impacted negatively by a softer economic environment.
Group revenue for the full year surged 7 percent. The group revenue per hectolitre (hl) lifted 3 percent, reflecting excise-driven price increases and the impact of regional mix.
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