date:May 25, 2012
Mackay was speaking as global brewer SAB released its results for the 12 months to March 31 2012, which saw group revenue rise from $28.3bn (22.5bn) to $31.8bn; adjusted earnings rose from $3bn to $3.4bn.
SABs lager volume sales rose 3% to 229m hectoliters during the year, while soft drinks volumes were up 7% to 49m hectoliters.
But despite Latin American EBITA up 12% and Asia Pacific up 30%, European EBITA fell 9%, due to lower volumes, adverse mix and increased raw material costs; US EBITA