Print Page | Close Window

SABMiller PLC - AGM Trading Statement

RNS Number:8887G
SABMiller PLC
28 July 2006


                    SABMiller plc AGM Trading Statement


London and Johannesburg, 28 July 2006. At the Annual General Meeting of
SABMiller plc (SABMiller) today, Graham Mackay, chief executive, commented on
the group's performance for the three months ended 30 June 2006. The calculation
of the organic growth rates included below excludes volumes for South America
which became part of the group in October 2005.


Mr Mackay said: 'The group continues to make progress, in line with expectations
at the time of our preliminary results announcement in May of this year, with
first quarter organic lager volumes for the group growing by 7%.


'In South Africa, lager volumes were up 3%, benefiting from the inclusion of an
Easter trading period in the first quarter, and our premium brand portfolio
continues to show strong growth. Soft drink volumes grew by some 4%.


'In South America, the integration and investment programmes are proceeding as
planned. Buoyant trading conditions were experienced across the region and
excellent volume performances were recorded by all of our operations, leading to
a 9% growth in lager volumes over the prior year on a pro forma basis. In Peru,
the market continues to grow strongly in a competitive pricing environment.
Both soft drink and beer volumes in Central America were up by 9%, reflecting
effective sales and marketing activities.


'Our Europe business once again performed strongly and produced good results
with organic lager volume growth of 6% reflecting the benefits of increased
marketing investment and enhanced sales initiatives, particularly in Poland and
Russia.


'In North America, Miller's US domestic sales to retailers (STRs) decreased by
2.4% compared to the prior year, and Miller Lite brand volumes were level. The
trading environment remains highly competitive.


'The Africa & Asia business achieved excellent organic growth of some 19% in
lager volumes, with China continuing to record strong growth across all regions.
In Africa (excluding Zimbabwe), lager volumes grew by almost 4%, with good
performances in Mozambique and Uganda offset somewhat by Botswana, where
disposable incomes remain under pressure.

Ends

Notes to editors:

SABMiller plc is one of the world's largest brewers with brewing interests or
distribution agreements in over 60 countries across five continents. The group's
brands include premium international beers such as Miller Genuine Draft, Peroni
Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market
leading local brands.  Outside the USA, SABMiller plc is also one of the largest
bottlers of Coca-Cola products in the world.


In the year ended 31 March 2006, the group reported US$15,307 million in revenue
and profit before tax of $2,453 million.  SABMiller plc is listed on the London
and Johannesburg stock exchanges.


This announcement is available on the company website: www.sabmiller.com


High resolution images are available for the media to view and download free of
charge from: www.vismedia.co.uk


Enquiries:

                                     SABMiller plc                     Tel: +44 20 7659 0100

Sue Clark               Director of Corporate Affairs                  Tel: +44 20 7659 0184

Gary Leibowitz          Senior Vice President, Investor Relations      Tel: +44
20 7659 0119

Nigel Fairbrass         Head of Media Relations                        Tel: +44 7799 894265


This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
'Company') or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.

This document includes 'forward-looking statements'.  These statements may
contain the words 'anticipate', 'believe', 'intend', 'estimate', 'expect' and
words of similar meaning.  All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding the Company's financial position, business strategy, plans and
objectives of management for future operations (including development plans and
objectives relating to the Company's products and services) are forward-looking
statements.  These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the actual results,
performance or achievements of the Company to be materially different from
future results, performance or achievements expressed or implied by such
forward-looking statements.  These forward-looking statements are based on
numerous assumptions regarding the Company's present and future business
strategies and the environment in which the Company will operate in the future.
These forward-looking statements speak only as at the date of this announcement.
  The Company expressly disclaims any obligation or undertaking to disseminate
any updates or revisions to any forward-looking statements contained in this
announcement to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based.

Any information contained in this announcement on the price at which the
Company's securities have been bought or sold in the past, or on the yield on
such securities, should not be relied upon as a guide to future performance.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

TSTILFSIDIITFIR
Investis

Share price data provided by vwd group & financial data provided by Morningstar.