SAB Have you tried this “beer” stuff yet?
They’ve been quaffing beer in Africa and Latin America these past, hot three months, which has led SABMiller’s sales volumes to rise by 3%, compensating for declines in North America and Europe, where it has been colder, and where, of course, there are far more independently owned and local breweries. Although in fairness The Big Feller is less exposed as it were in these markets than competitors Anheuser-Busch InBev, Heineken and Carlsberg, making 70% of its profits in emerging markets. Getting into the specifics – Africa up 11%, Latin America up 8%, Asia Pacific up 7%, Europe down 2% and the Miller Coors JV in the US of A down 3.3%. Back home in the S of A, volumes were flattish at 2%.
Comment: And with the purchase of Castel’s assets in Africa now open for discussion, at least by SAB, emerging markets will hot up even further.