Food Industry News

SABMiller revenue decreased for the year to 8%

Revenue SABMiller and its "daughters" fell in 2016 financial year (ended March 31 2016 years) 8% on the previous year and amounted to $ 24,14 billion, the company said.

Organic revenue growth in constant currency was 5%. The volume of beverage sales rose 2% for the reporting period and amounted to 330,8 million hectoliters, showed strong growth in Africa and Latin America, which was offset by weak results in China and the United States.

In the region Europe SABMiller revenue decreased by 13% and amounted to $ 3,83 billion, organic revenue growth amounted to 2%. Beverage Sales volumes remained at the same level as last year and amounted to 58,92 million hectoliters.

Economic and political instability had a negative effect on the business of Turkish partner of SAB - Anadolu Efes, which produces drinks, including in Russia, the report says. Anadolu Efes drinks sales volumes decreased by 3%, RNS reports.

British brewer SABMiller - the world's second producer of beer after AB InBev. It was founded in the year 2009 200 and produces more beer brands in more than 80 countries. Among the brands - Miller, Redd's, Pilsen, and the "Golden Barrel" Velkopopovicky Kozel, "Three Heroes", "Zhiguli".

See also ... 23/05/2014 SABMiller increases profit15 / 10/2014 SABMiller increases revenue14 / 11/2014 SABMiller reduced profit due to China and Australia14 / 10/2015 AB InBev and SABMiller agreed to merge 13/11/2015 SABMiller net profit I half-year fell by 16% 16/04/2014 SABMiller increases revenue17 / 03/2016 AB InBev places bonds for € 9 billion 29/10/2015 AB InBev prepares for a new major purchase16 / 09/2014 AB InBev is looking for loans to purchase SABMiller 22 / 10/2015 Time: merger of beer giants will kill the craft market 12/11/2015 AB InBev launched a merger with SABMiller17 / 09/2015 Media: A merger of leaders is being prepared at the beer market 20/04/2016 Japanese Asahi buys European beer brands22 / 01/2015 Bad weather in China worsens sales SABMiller08 / 10/2015 SABMiller rejected the offer to merge with AB InBev

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