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SABMiller FY Accounts Released

Discussion in 'General Share Chat' started by Mongoose82, May 19, 2016.

  1. Mongoose82

    Mongoose82 A Legendary Member

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    Read AlphaValue's note on SABMILLER PLC (SAB), out this morning, by visiting https://www.research-tree.com/company/GB0004835483

    "SABMiller released its FY accounts. As a reminder, the group’s NPR grew +5% with price/mix, whereas volumes were up +2% (lager +1%, soft drinks +6%). For FY16, the group’s EBITA on an organic basis progressed by +8% (EBITA margin +60bp). On reported figures (excluding revenue from associates and JVs), FY revenue was down 10%, whereas the operating margin contracted 270bp. The share of profits from associates and JVs was up +4%. The FY net profit was down 18% on the back of adverse FX and impairment charges in Angola an ..."
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    Q1 hurt by subdued performance of JV and associates

    - Broker note from AlphaValue

    "SABM released its Q1 update. Group NPR growth at constant currency stood at +2%, whereas volumes were flat. NPR by region: LatAm +5%, Africa +6%, Asia Pacific -2%, Europe +6%, North America -3%. The group revenue growth per hl stood at 2%. Lager volumes were up +5% for own subsidiaries and -5% for JV & associates, whereas soft drinks were up +2% (driven by Africa & Europe, LatAm was weak). Volume growth by region: LatAm +1%, Africa 0% (supported by soft drinks), Asia Pacific -3%, Europe +8%, North America -4%. On reported figures, NPR in the quarter was down 4% due to negative currency effects."

    Https://www.research-tree.com/compa...d-performance-of-jv-and-associates-21-07-2016
     
  3. Mongoose82

    Mongoose82 A Legendary Member

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    "SABMiller registered a good performance for Q1 2017 despite challenging conditions. SABMiller's group NPR growth was driven by price and mix realisation. Its subsidiaries continued to perform well, registering high NPR and volume growth. Meanwhile, economic volatility and weak consumer demand led to a decline in the company's results in Africa. Nonetheless, SABMiller recorded NPR growth across other markets. AB InBev receiving approval for acquisition of SABMiller by the US DOJ is a positive development. SABMiller and AB InBev collectively account for over 30% of the beer sold globally. They operate brands such as Budweiser, Stella Artois, Grolsch and Pilsner Urquell. The merger deal requires China's approval, which is widely expected, given the proposed divestment of SABMiller's business in the country. SABMiller's strategies for the expansion of its beer business and diversification of its brand portfolio seem judicious."

    Beaufort from morning note: Https://www.research-tree.com/Company/GB0004835483
     

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