SABMiller summarised the first quarter of the current fiscal year. The Ukrainian branch of the company demonstrated considerable production growth. (Translation)
29 July 2011
27 July 2011
In July 2011 SABMiller plc summarised the first quarter of the current fiscal year that started April 1 2011*. «Miller Brands Ukraine» , the Ukrainian branch of SABMiller, demonstrated considerable production growth, beating the competition in percentage and numbers.
Internationally, SABMiller increased beer and non-alcoholic beverages sales by 5%. This became possible thanks to the brands' portfolio fortification, as well as increasing consumer spending on many developing markets thanks to the low base effect - the dynamics of the last year's first quarter were relatively weak. The quarterly revenue of SABMiller increased by 7% thanks to the sales growth, increasing prices in certain markets and improvements of the brands' portfolios.
Here is the SABMiller sales dynamics in the regions: Latin America - 6%, Africa - 15%, Asia - 11%. In Europe, quarterly beer sales increased by 5%. The European growth is mainly due to considerable increase in production and sales of the Ukrainian branch.
According to production volume data (source: «Ukrpivo»), in the first half-year of the 2011 fiscal year, «Miller Brands Ukraine» was considerably ahead of the competition in percentage and numbers.
During January-June 2011, «Miller Brands Ukraine's» production volume increased by 86% as compared to the same period in the previous year. In absolute figures, the company also demonstrated higher-than-anticipated growth by adding 360 thousand hectoliters, which is considerably higher than the same index for their competitors in the Ukrainian beer market.
«SABMiller possesses extensive experience in developing acquired assets on different markets. Initially, after SABMiller entered the Ukrainian market in July 2008 by acquiring the closed joint-stock company «Sarmat», our main task was to integrate «Sarmat» (Since December 2010, private company «Miller Brands Ukraine») into the SABMiller structure and implement the group's global standards in the Ukrainian company. This included operation process and conduct of business, for example, in marketing technologies and organizational processes», stated Igor Tikhonov, general manager of «Miller Brands Ukraine». «Besides, it was necessary to survive the economic crisis that coincided with the «Sarmat» purchase, with minimal losses. Both tasks were successfully completed, and then we concentrated on expanding the distribution network and developing the portfolio of brands including «inherited» local brands and licenced brands from the global portfolio of the parent company. Obviously, systematic actions and product development in the most promising segments led to the superior growth of «Miller Brands Ukraine», compared to the competition, in percentage and numbers.»
*The fiscal year in Great Britain starts on April 1 and ends on March 31 of the following year.
Head of Corporate Affairs, Miller Brands Ukraine, a subsidiary of SABMiller plc
tel. +380 (44) 393 2676 ext. 6732, mob. +380 (50) 312 0244, firstname.lastname@example.org
About SABMiller plc
SABMiller plc is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.
About Miller Brands Ukraine
PJSC Miller Brands Ukraine is a subsidiary of SABMiller plc. In July 2008, SABMiller plc acquired 99,84% of JSC Sarmat. At the end of 2010, the company changed the name from JSC Sarmat to PJSC Miller Brands Ukraine. The brand portfolio of Miller Brands Ukraine includes local brands like Sarmat and Zhygulivske, as well as well-known international brands: Miller Genuine Draft (imported), Zolotaya Bochka (Russian premium brand, produced in Ukraine under licence), Velkopopovicky Kozel (Czech premium brand, produced in Ukraine under licence) and Amsterdam Mariner (Dutch brand, produced in Ukraine under licence).
This SABMiller subsidiary news release has been translated from its local market language to English language for publication on http://sabmiller.com. We have attempted to provide an accurate translation of the original material but due to the difficulties of translation slight differences may exist.
Note, the news release was first published in its local market on [27/07/2011].