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Trading statements

SABMiller's FY group NPR falls 8%

21 April 2016 10:46

SABMiller saw reported net production revenue (NPR) fall 8% in the year to March 31 as it noted 2% growth in beverage volumes. The big-ticket brewer was again hit by unfavourable forex moves.

"We have had a strong year and increased momentum in the second half across all our regions notwithstanding economic volatility and the potential distraction of the AB InBev offer," said CEO Alan Clark in a statement.

"Our results reflect our strategy to expand the beer category and to grow and premiumise our diverse brand portfolios."

On a regional basis, group NPR for Africa rose 11% while beverage volume firmed 6%. For Latin America those figures were 8% and 5%, while for Asia Pacific they were 3% and -1%.

In Europe, group NPR rose 2%, but beverage volumes were flat, while for North America they were flat and down 1% respectively.

SABMiller is in the midst of being acquired by Anheuser-Busch InBev SA in a GBP71bn deal.

At 10:46am: (LON:SAB) SABMiller PLC share price was -7.25p at 4252.25p

Story provided by StockMarketWire.com

Related Company: SAB

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