NBL's annual financial results

September 22, 2015, 4:59am

Press release regarding Namibia Breweries Limited's annual financial results for the period that ended 30 June 2015

PERFORMANCE HIGHLIGHTS

  • Turnover N$ 2.4 billion, up by 5%
  • Operating profit N$ 507 million, up by 12%
  • Earnings per share up by 26%  Headline earnings per share, up by 17.6% to 187.1 cents
  • Final dividend per ordinary share, 37 cents

Comment by Managing Director

Hendrik (Wessie) van der Westhuizen, the Managing Director of Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group - today announced that NBL exceeded all expectations and delivered an exceptional financial performance in F15. Says van der Westhuizen: “NBL exceeded all expectations despite increased competitor activities, market forecasts and volume migration to South Africa. Even though we are extremely proud of our financial performance for F15, we remain focussed on the job at hand and are working relentlessly towards executing our long term goals and objectives in order to achieve our F19 ambitions.”

Brands

NBL’s marketing strategy continues to deliver on the commitment of creating amazing experiences and enduring impact to its consumers. The delivery of this strategy is primarily enabled by a robust process of profiling consumers and really understands their motivations, needs and aspirations. “This deep understanding and oneness with our consumers allow us to create breakthrough marketing solutions and innovations that deliver shared value and sustainable growth”, said Rosemary Shippiki, NBL National Marketing Manager.

A number of renovations, innovations and exciting consumer engagements were launched in F15. These include: the revamp of the McKane Brands; the launch of a 3rd Vigo variant, as well as launches of various limited packs aimed at expanding our offerings into more events and occasions.

The NBL brands also continue to deploy unique and exciting consumer propositions in terms of promotions and sponsorships, ensuring that consumers remain connected to the brands. These breakthrough events and promotions executed with brilliance resulted in exceptional performance in volume and equity of NBL brands.

Comment by Finance Director

Graeme Mouton, the Finance Director said: “NBL continued its strong performance in the local market. Namibia beer volumes experienced single digit growth while the soft drinks and ready-to-drink (RTD) category experienced double digit growth compared to previous year. DHN experienced a marginal increase in losses compared to prior year, however taken together with royalties and production margins RSA continues to make positive returns from ongoing operations.”

Outlook

Van der Westhuizen concluded: “We are extremely optimistic with what the future holds for NBL and the new joint venture structure in South Africa. Conclusion of the joint venture is subject to approval from the Competition Commission. However, we are confident that once approval is received both NBL and Heineken will greatly benefit from the opportunities that exist in the South African market. We have full confidence in our long-term strategic plan and as such NBL is well on track to execute and achieve its F19 ambitions.”

About Namibia Breweries

Namibia Breweries Limited employs 779 employees. The company is listed on the Namibian Stock Exchange (NSX). The Ohlthaver & List (O&L) Group of Companies is the single largest investor in NBL. The company’s brand portfolio includes leading brands such as Windhoek Lager, Tafel Lager, Windhoek Draught, and Windhoek Light. NBL is also the distributor of Diageo-owned ready-to-drink-beverages (RTDs) and ciders in Namibia.