SABMiller plc, one of the world's leading brewers, reports its preliminary (unaudited) results for the twelve months to 31 March 2013.
Operational Highlights
Broad-based growth in our developing markets driven by brand development, with investments in capacity and commercial capability
Reported group revenue growth of 10% with organic, constant currency group revenue up 7%
Group revenue per hectolitre (hl) up 3% on an organic, constant currency basis
Lager volumes rose 3% on an organic basis with growth in all divisions except North America
Organic, constant currency EBITA growth of 9% with reported EBITA growth of 14%, reflecting the inclusion of Foster's and other business combinations, partially offset by adverse currency movements
EBITA margin improvement of 70 basis points (bps) to 18.6%, with organic, constant currency EBITA margin improvement of 40 bps
Progress with the Foster's integration and synergies remains ahead of schedule, with lager volume growth in the continuing brand portfolio in the fourth quarter versus the prior year
Adjusted earnings up 12%, with adjusted EPS up 11% to 238.7 US cents per share
Declines in profit before tax and attributable profit due to exceptional gains reported last year
Full year dividends per share up 11% to 101.0 US cents
