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SABMiller CEO Interviewed on Half-Year Results

 

LONDON, November 19 /PRNewswire-FirstCall/ -- 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 performance."

The interviews and transcripts are available now on http://www.cantos.com.

Also, there will be a live UK analyst webcast at 0930GMT followed by live US conference call at 1500GMT.

It's free to view. All you need to do is register at www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

SOURCE SABMiller plc

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