21st Jan 2014 07:51
LONDON (Alliance News) - SABMiller PLC today issued its interim management statement for the group's third quarter ended 31 December 2013. The group said its financial performance is in line with expectations. Group net producer revenue, or NPR, grew by 4% and group NPR per hectolitre grew by 2% both on an organic, constant currency basis. Total beverage volumes grew by 2% for the third quarter on an organic basis, with lager volumes up 1% and soft drinks volumes up 7%.
SABMiller said, on a reported basis, its financial results were adversely impacted by the depreciation of key currencies against the US dollar, notably the South African rand, Australian dollar, Peruvian Nuevo sol and Colombian peso. The group's underlying financial performance is in line with expectations.
SABMiller said, Group NPR growth on an organic, constant currency basis in the third quarter was driven by the mid to high single digit growth recorded in Latin America, Africa, Asia Pacific and South Africa. Trading conditions continued to be more challenging in North America and Europe, with group NPR declining in Europe in the quarter.
Copyright RTT News/dpa-AFX
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