Meantime owner has a good time as South Americans go for a pint
BREWING giant SABMiller yesterday reported a rise in quarterly sales, helped by higher demand for beverages in Latin America and Africa, which were partly offset by declines in Europe.
The world’s second largest brewer, whose brands include Peroni, Grolsch and, recently, Meantime, said revenue rose three per cent in the three months to 30 June, the first quarter of its new financial year.
Volume of lager, SABMiller’s core business, declined one per cent, while volume of soft drinks rose four per cent.
“Both revenue and volumes grew strongly in Latin America and Africa in the quarter, tempered in particular by a challenging quarter in our key European markets, where the trading environment remains difficult, and softer volumes in China,” chief executive Alan Clark said in a statement yesterday.
In May, it snapped up Greenwich-based craft brewer Meantime to jump on the boutique bandwagon.
Just two weeks ago the brewer announced Domenic De Lorenzo as its new chief financial officer .
De Lorenzo has been acting chief financial officer.