SABMiller CEO Interviewed on Half-Year ResultsBy Sabmiller Plc, PRNE
Wednesday, November 18, 2009
LONDON, November 19 - SABMiller, one of the world's leading brewers, operating across six
continents, announced financial results for the first six months of its
Financial Year 2010.
In a video interview released today, Graham Mackay, Chief Executive said
that against a difficult environment "our performance has been very strong".
He noted that "underlying EBITA is up 11 per cent in constant currency, which
I think is a great performance and a testament to the strength of our brands,
our ability to achieve record levels of pricing and also the ability the
business has shown to flex costs."
Finance Director Malcolm Wyman added that SABMiller had a very good half
year in cash terms. He explained that "Capex is down over $500m and net
working capital has shown an inflow of some $300m. That's given us, compared
to last year at this time, more than $1b improvement in our cash
The interviews and transcripts are available now on
Also, there will be a live UK analyst webcast at 0930GMT followed by live
US conference call at 1500GMT.
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Tags: London, SABMiller plc, United Kingdom