date:Nov 23, 2012
days. Including these impacts lager volumes declined by 13%. Good progress continues to be made on plans to strengthen the brand portfolio and commercial trading relationships, to accelerate the realisation of synergies and to improve operational performance.
South Africa: Beverages' EBITA decreased by 4% (but increased by 11% on a constant currency basis). EBITA margin expanded by 10 bps benefiting from price increases, operational efficiencies and fixed cost productivity, partly offset b