LONDON, November 17, 2011 /PRNewswire/ --
SABMiller, one of the world's largest brewers, said strong growth in its emerging markets during the first half had offset softening consumer markets in Europe and America.
In a video interview with financial broadcaster http://www.cantos.com, Graham Mackay, Chief Executive, referred to "troubled" economic times but said most of the SABMiller business was exposed to "more pioneering markets, such as Africa in particular, Latin-America, Asia, and those parts of the world have continued to grow robustly."
He also said he remained excited about the Foster's deal, despite the slowdown in the Australian beer market, and was looking forward to the opportunity of applying SABMiller's skills and scale in the region.
"What we're doing is continuing to press ahead with our business strategies, which have stood us in good stead over many years: developing full brand portfolios; good price laddering; looking for mix and price improvements where we can get them; and paying a great deal of attention to productivity," he said.
In addition, Jamie Wilson, Chief Financial Officer, commented on the impact of the European economy on margins, investment in developing markets and input cost pressures.
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SOURCE SABMiller plc