Mixed bag for Unilever and SABMiller
The results show the consumer goods maker is bouncing back after being hit hard by slower growth in Indonesia and currency devaluation’s in Brazil and India.
Emerging markets are key at SAB Miller too but there the celebratory drinks have been Swarovski Jewelry put on ice
Less beer flowing at the pumps put a dampener on it’s third quarter sales
Beer volume was only up one percent some analysts had been predicting a three percent gain.
Price increases and cu Swarovski Jewelry rrency depreciation in economies like South Africa, Peru and Columbia are being blamed.
Like Unilever, its been relying on emerging markets.
Beer lager rose 6 percent in Africa and 13 percent in China.
Whereas demand in developed markets like Europe and North America fell.
Mixed bag for Unilever and SABMiller (1:12)
Jan 21 Mixed fortunes for Europe’s top food and drinks companies. A fourth quarter recovery in emerging markets sales bo Swarovski Jewelry osted consumer goods maker Unilever while SABMiller, the world’s No. 2 brewer, was hurt by weaker beer volume. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.