Why SABMiller Is Up 23% This Year
LONDON -- SABMiller (ISE: SAB.L) has advanced 23% to 2,801 pence so far during 2012, making the share one of this year's best performers in the FTSE 100.
The brewer, which owns brands such as Grolsch, Peroni, and Pilsner, has defied the wider economic gloom with a series of promising statements.
During April, SAB indicated its annual and fourth-quarter revenues had registered 7% and 10% organic growth, respectively. SAB added that volumes of the group's lagers had improved by 3% during the preceding 12 months, with soft-drink volumes advancing by 7%.
Within May's annual results, SAB confirmed that total full-year revenue had risen 11% to $31 billion, while adjusted profit before tax had been lifted 13% to $5.6 billion. The group reported varying geographical performances, with Asian profit up 30%, American profit up 2%, and European profit down 9%.
The annual dividend was lifted 12% to $0.91 per share.
Meyer Kahn, SAB's chairman, said at the time:
I am delighted to report another year of significant progress and strong results. Through our successful marketing, portfolio development and commercial execution we continued to build on our position in the world's developing consumer economies. Strong profit growth continued, driven by an organic total volume increase of 4% and complemented by favorable mix and pricing.
Then, in July, SAB revealed that first-quarter organic revenue had grown by 8%, with volumes of the group's lagers improving by 5% and soft-drink volumes advancing by 6%. SAB also claimed that total volumes, including acquisitions, had risen by 10%.
SAB's next update will be released on Oct. 17 with a second-quarter trading statement, which may provide further promising news.
More blue-chip winners of 2012 are revealed in "8 Shares Britain's Super-Investor Loves," an exclusive Fool report that names the FTSE shares market-trouncing City investor Neil Woodford is backing today, as well as the investing logic behind them. You can discover the potential winners Woodford favors right now by downloading this free report while it remains available.
Are you looking to profit from this uncertain economy? "10 Steps To Making A Million In The Market" is the very latest Motley Fool guide to help Britain invest. Better. We urge you to read the report today -- it's free.
Further Motley Fool investment opportunities:
The article Why SABMiller Is Up 23% This Year originally appeared on Fool.com.Maynard does not own any share mentioned in this article. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.