Highlights in 2002/3
 
  2003
US$m#
2002
US$m
% change
 
Turnover 9,112 4,364 109
excluding Miller 5,639 4,364 29
EBITA * 1,270 766 66
excluding Miller 1,020 766 33
Profit before tax 770 606 27
Adjusted profit before tax ** 1,107 668 66
Adjusted earnings ** 581 350 66
Adjusted earnings per share **      
  US cents 54.0 48.7 11
  UK pence (up 3%) 1,020 766  
  SA cents (up 9%) 513.0 472.5  
Basic earnings per share (US cents) 27.5 40.7 (32)
Dividends per share (US cents) 25.0 25.0
 
# Includes Miller Brewing Company for nine months, except where indicated.
* Earnings before interest, taxation and goodwill amortisation, and before exceptional items.
** Adjusted profit before tax and adjusted earnings exclude exceptional items and goodwill amortisation.
 
  • Total beverage volumes up 52% to 151.4 million hectolitres (hls), organic growth of 3.0%
  • Total lager volumes increase 65% to 115.8 million hls, organic growth of 4.2%
  • Strong performances and EBITA margin improvement in Beer South Africa, Europe and Africa & Asia
  • Adjusted earnings per share increase by 11%
  • Miller Brewing Company acquired and being integrated into the group

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