Published: 10 June 2013

Delta publishes full year trading update saying total beverage volumes closed the year flat on prior year as the growth in Lager beer, sparkling beverages and maheu was offset by the decline in sorghum beer.

Revenue for the year grew 14% and 7% for the 4th quarter spurred by more favourable sales mix.

There was a noticeable slowdown in consumer spending in the quarter ending March 2013. The full year beer volume was 4% ahead of prior year and down 6% in the 4th quarter.

The decline is partly attributable to the adverse impact of the excise duty increase in December 2012 and the resultant disruption to retail pricing arising therefrom.

The sparkling beverages volume grew by 9% for the year and 7% for the quarter whilst sorghum beer was down 8% and 6% for the year and the quarter respectively.

The Maheu volume grew 42% for the year and 77% for the quarter, benefiting from the shift from importation to local production.

The overall financial performance for the year is in line with expectations and the full year results will be published on May 16.
- TH

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