ADAM SPIELMAN CITI
We doubt this statement will cause many people to change their view of the stock. However, we think it supports our investment case: we have a Buy on the stock because we believe investors will see over time that the good things about SAB will continue and that the two problem markets will stabilise.
DIRK VAN VLAANDEREN JEFFERIES
We believe the results highlight the higher growth credentials of the group where we forecast an organic revenue CAGR of 7.3 per cent versus peers on five per cent... Altogether we believe SAB’s premium rating is justified given its superior growth profile and strong track record of delivery.
TREVOR STIRLING BERNSTEIN RESEARCH
Stronger than expected price-mix was driven by selected price increase and positive country-mix with (higher margin) Latin America and South Africa better and (lower margin) Europe and China weaker.