SABMiller trading as expected

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Date: Tuesday 14 Oct 2008

LONDON (ShareCast) - Brewer SABMiller’s financial performance has been in line with expectations during the six months ended 30 September thanks to favourable exchange rates, although slower volumes have constrained profit growth.

Lager volumes grew 3%, with organic lager volumes slightly better than last year, rising 1% in the second quarter. The firm said this reflected a high comparable and moderating consumer demand in many markets.

Meanwhile, revenue at constant exchange rates improved more than 5% thanks to firm pricing, offsetting the impact of higher costs.

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