Net producer revenue in Romania declined 7% in the analyzed period.
SABMiller’s EBITA in Europe dropped 2% in April-September, from $512 million to $502 million, on lower sales volumes in Romania and Italy. The decline on the Romanian market was somewhat curbed by rising sales for the Ciucas beer brand.
The decline in beer sales in some European countries, such as Romania, Poland and Italy, is attributed to unfavorable weather conditions during the summer.
The company’s net producer revenue climbed 1% in Europe and sales rose 2%, as SABMiller posted significant revenue growth in the UK, of 11%, and Czech Republic and Slovakia, of 3%.
Globally, SABMiller’s net producer revenue rose 2% in April-September and sales rose 1% on an organic basis.
The company also notes its results have been affected by unfavorable currency variations to the US dollar.
SABMiller, the world’s second-largest beer producer, owns Ursus Breweries on the Romanian market, with production units in Timisoara, Buzau, Brasov and Cluj.