Guinness Nigeria opens ultra-modern headquarters in celebration of 72nd anniversary

NIGERIA – In celebration of its 72nd anniversary, Guinness Nigeria Plc, a subsidiary of Diageo Plc and the foremost total beverage alcohol company in Nigeria, has opened a new state-of-the-art headquarters edifice in Ogba, Lagos.

The ultra-modern open plan workspace features bright, colourful and multi-functional spaces and embraces leading sustainability practices as well as the company’s commitment to inclusion and diversity.

It also has a fully equipped gymnasium, disability access through-out; Zoom-enabled meeting spaces and collaborative hotspots; sound-proof phone booths; floor-to-ceiling windows, daylight harvesting to reduce energy required to light offices; high-efficiency cooling systems to conserve energy; a stunning state-of-the-art bar, and many more.

Managing Director, Guinness Nigeria Plc, Baker Magunda said, “This ultra-modern facility will provide a work environment where people can thrive, with a fully-equipped gymnasium, and a stunning state of the art bar where meetings will be held, ideas will transpire, meals shared, cocktails poured, and moments celebrated.

“The new office opening re-establishes Guinness Nigeria as a forward-thinking organization. We remain committed to developing capacity to grow our brands and optimise performance to cater to the needs of our consumers while creating the right environment for all stakeholders to thrive,” Magunda reaffirmed.

The new space, designed to bring to life the company’s purpose of ‘celebrating life, everyday everywhere is part of the efforts of the organisation to develop newer and more strategic ways of working, enhance collaboration and productivity, promote creativity and sustain its business operations in the country.

The Board Chair, Guinness Nigeria Plc., Dr. Omobola Johnson noted that, “The new headquarters’ aims to create an environment where all employees and even stakeholders, feel included and able to perform at their best.

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“We recognise our employees’ needs, especially after working remotely for so long, so we have created a modern and agile workspace designed for maximum connectivity, collaboration and connection in line with the new world of work.”

The office opening ceremony reaffirms the organisation’s commitment to its drive towards sustaining its long-term business goals in the country.

Guinness Nigeria show cases stellar performance

As the beer maker marks a key milestone, it has continued its impressive growth trajectory, posting a revenue of N159.4 billion (US$383m) for its third quarter period ended 31 March 2022, which represents a 39% growth over the same period last year.

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The revenue growth was triggered by price increases across all brands, as well as from favourable brand mix and resilient consumer demand.

“We have delivered revenue growth across all key categories driven by our strategic focus brands, Malta Guinness and Guinness, as well as strong growth in local and imported spirits and the ready-to-drink category.

“This has further showed that our strategy is sound, and we are unwavering in our commitment to ensuring our long-term competitiveness in Nigeria.” Magunda said.”

The company reported a Profit After Tax of N15.2 billion (US$36.6m) in the period under review which represents a 731% growth over same period last year.

The results show an impressive performance and a significant improvement when compared to the same period last year, a testament to an unwavering commitment to meeting consumer demands as well as the company’s resilience in a challenging operating environment.

The released statement stated that Gross Profit grew 76% in the period as revenues grew ahead of cost of sales.

Cost of Sales increased by 24%, largely due to inflationary pressure, sales volume growth, forex devaluation impacting imported materials, air freight cost increase and a shift towards more expensive can products.

Guinness Nigeria also noted that its Marketing expenses increased 68% versus last year as it increased its marketing investments.

Distribution expenses also increased 36% driven by higher volumes, freight and diesel inflation and extended journey time for road transportation. Overall, its operating profit grew by 200% to N22.9 billion (US$55.1m).

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