Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address


  Print      Mail a friend       Annual reports

Monday 15 October, 2007


Trading Update

15 October 2007

15 October 2007

                          SABMiller plc Trading Update

SABMiller plc today provided an update regarding trading during the six-month
period to 30 September 2007, which is the first half of its financial year. The
calculation of the organic growth rates included below excludes volumes for
acquired businesses for the first 12 months after an acquisition.

As communicated on 24 September 2007 SABMiller has continued its strong start to
the year, with organic growth in lager volumes of 11% for the six months ended
30 September 2007. The growth in revenue has been partially offset by higher
input costs and increased investment across the business whilst financial
performance for the six months remains in line with management's expectations.

In Latin America, lager volumes rose by 8%. Whilst South America has enjoyed a
period of high volume growth during the initial implementation of the group's
plans, this growth has moderated in recent months as expected. In Colombia,
lager volumes have grown more than 7% in the half year. Slower growth was
recorded in the latter part of the period, off a high base in the prior year.
The Colombia operation continues with the major restructuring of its route to
market network and the phased relaunch of the market leading Aguila brand. In
Peru, volumes are up 10% in a market which remains highly competitive. The
business continues its significant investments across the region in route to
market, brand building and merchandising which are expected to constrain margins
in the short term.

Europe achieved organic growth in lager volumes of 12%. Sales in the first two
months of the half year were particularly strong, assisted by warm weather, but
volumes moderated somewhat in the later months. Poland achieved growth of 13%
across its portfolio, notwithstanding challenging comparatives. Volumes in
Russia were up by 18% with all brands contributing to this growth. Romania grew
by 37%, boosted by the increased capacity introduced in the prior year and
driven by the ongoing success of the Timisoreana brand and its new PET
packaging. In the Czech Republic good volume growth of 3% was achieved.

In North America, Miller's domestic sales to retailers (STRs) increased by 5.9%
over the prior year, and were up 1.4% on an organic basis (excluding Sparks and
Steel Reserve, acquired in August 2006), with Miller Lite STRs up by 2.1%.
Miller's strategy to grow Miller Lite and to migrate its brand portfolio to
higher margin segments has contributed to an increase of 3.9% in domestic net
revenue per barrel. Miller Chill, the company's new 'chelada style' light beer,
continues to trade above expectations whilst volumes of the group's
international worthmore brand Peroni Nastro Azzurro and craft beer Leinenkugel's
are up by strong double digit percentages.

SABMiller's Africa & Asia operations have again grown rapidly and achieved
organic growth of some 20% in lager volumes, driven by China where volumes have
increased by 22%. In Africa (excluding Zimbabwe), lager volumes grew by 6% on an
organic basis, with 11% volume growth in Botswana after two difficult years and
very good performances achieved in Tanzania and Mozambique.

In South Africa, our lager volumes were up 2% with stronger growth in the
mainstream segment and following the successful launch of our premium brand,
Hanza Marzen Gold, in early May. Recently volume performance has been somewhat
constrained due to a combination of local supply shortages and reduced
flexibility during new brand and pack introductions including the implementation
of our mainstream renovation programme. Soft drink volumes grew by 9% reflecting
favourable weather conditions and trade restocking in earlier months following
some supply shortages at the end of the prior year.


About SABMiller plc

SABMiller plc is one of the world's largest brewers with brewing interests or
distribution agreements in over 60 countries across six continents. The group's
brands include premium international beers such as Miller Genuine Draft, Peroni
Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market
leading local brands.  Outside the USA, SABMiller plc is also one of the largest
bottlers of Coca-Cola products in the world.

In the year ended 31 March 2007, the group reported US$3,154 million adjusted
pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on the
London and Johannesburg stock exchanges.

This announcement is available on the company website:

High resolution images are available for the media to view and download free of
charge from or



SABMiller plc                                              Tel: +44 20 7659 0100

Sue Clark         Director of Corporate Affairs            Tel: +44 20 7659 0184

Gary Leibowitz    Senior Vice President, Investor          Tel: +44 20 7659 0119

Nigel Fairbrass   Head of Media Relations                  Tel: +44 7799 894 265

This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
'Company') or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.

This document includes 'forward-looking statements'. These statements may
contain the words 'anticipate', 'believe', 'intend', 'estimate', 'expect' and
words of similar meaning. All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding the Company's financial position, business strategy, plans and
objectives of management for future operations (including development plans and
objectives relating to the Company's products and services) are forward-looking
statements. These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the actual results,
performance or achievements of the Company to be materially different from
future results, performance or achievements expressed or implied by such
forward-looking statements. These forward-looking statements are based on
numerous assumptions regarding the Company's present and future business
strategies and the environment in which the Company will operate in the future.
These forward-looking statements speak only as at the date of this announcement.
The Company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements contained in this
announcement to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based. Any information contained in this announcement on the price
at which the Company's securities have been bought or sold in the past, or on
the yield on such securities, should not be relied upon as a guide to future

                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t