Highlights
Continued growth in our developing markets, driven by increased capacity, consumer reach and investment in brand portfolios
Lager volume growth of 1% on an organic basis, with good growth in Africa partially offset by declines in Europe and North America
Organic, constant currency group net producer revenue (NPR) growth of 4%, with group NPR per hectolitre (hl) up 2% driven by pricing and premiumisation initiatives
The depreciation of key currencies against the US dollar has adversely impacted reported performance, with organic, constant currency EBITA growth of 7%
Reported EBITA margin increase of 60 bps to 23.7%, with an improvement of 80 basis points (bps) on an organic, constant currency basis
