SABMiller Full Year Earnings Beat City Estimates

摘要

SABMiller’s emerging market (EM) strength has been the main nreason we have been positive about its prospects against the likes nof Carlsberg and Heineken in particular over the past few years. nBeer has generally done quite well across most of the big developing neconomies over recent years (with the exception of Russia), which nhas been supportive to SABMiller’s EM-centric business, certainly nin comparison to its two aforementioned rivals–both of which are a nlot more reliant on slow and ageing Western Europe.