Double-digit top-and bottom-line growth in Q1 2024 for SAB
, May 8 -- The first quarter (Q1) results, 01 January 2024 - 31 March 2024, reported today, 8 May, saw SAB increased revenue by the mid-teens, with revenue per hectolitre (hl) growth of high-single digits, driven by pricing actions and continued premiumisation.
Volumes grew by mid-single digits, continuing to outperform the industry in total alcohol, beer and beyond beer, according to our estimates. EBITDA grew by the mid-twenties with a margin expansion of approximately 350bps.
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"In a tough economic environment we managed to sustain our momentum from 2023 into the first quarter of 2024," says CEO Richard Rivett-Carnac.
"This is evidenced by record-high volumes for the quarter and double-digit top and bottom-line growth. The st...
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