Highlights
Resilient top line growth powered by our Africa and Latin America businesses, but impacted by weaker second quarter trading conditions in China and Australia
Organic, constant currency group net producer revenue (NPR) growth of 5%, with group NPR per hectolitre (hl) up 3% driven by pricing and premiumisation initiatives. Reported NPR growth was 2%
Total beverage volumes grew by 1% on an organic basis, with lager volumes down 1%. Organic soft drinks growth of 9% driven by Africa, Latin America and Europe
Organic, constant currency EBITA growth of 3% and constant currency adjusted earnings per share growth of 5% were impacted by the depreciation of key currencies against the US dollar such that reported EBITA is in line with the prior period
Reported EBITA is in line with the prior period, impacted by the depreciation of key currencies against the US dollar. Adverse translational foreign exchange impact on EBITA in the period of US$71 million
EBITA margin¹ declined 30 bps to 23.4% on both reported and organic, constant currency bases reflecting an EBITA decline in Asia Pacific
Strong cash flow performance with free cash flow up 6% on an underlying basis. Free cash flow excludes the receipt of the proceeds from the sale of the group's hotel and gaming investment.
Dividend up 4% from 25 cents to 26 cents.
