Subscribe & Follow
Advertise your job vacancies
SAB delivers strong performance in the first 6 months of 2024
The South African Breweries (SAB) recently reported a strong volume performance that helped deliver double-digit top-and bottom-line growth with margin expansion.
Image supplied
For the three months ended 30 June, revenue increased in the low teens, with revenue per hectoliter growing high single digits, driven in part by the ongoing growth of the super-premium brands, Stella Artois and Corona. Total volumes rose by mid-single digits, and EBITDA grew by the low thirties, accompanied by margin expansion.
Commenting on the results, CEO Richard Rivett-Carnac said, “Our business continues to gain momentum, with our portfolio showing strong performance and capturing market share in both beer and Beyond Beer, based on our estimates. This quarter's beer performance was led by our above-core beer brands, which grew volumes by mid-teens, driven by Corona and Stella Artois and the continued volume growth of our core portfolio.”
Related
Brutal Fruit Shebeen campaign empowers women in a way that is true to the brand 10 Jan 2025 Put your crown on ice 13 Dec 2024 Chasing the Sun producers, T+W win top spot at 2024 Sport Industry Awards 4 Dec 2024 South African beer brewers rise to the occasion 4 Dec 2024 SAB, SAICA partner to develop chartered accountants 15 Nov 2024 SAB triumphs with 9 Effie Awards, cementing its position as SA's Most Effective Marketer 11 Nov 2024
