Tag: Namibia Breweries

NBL treats Namibians abroad with iconic Windhoek Lager, commemorating 31st independence of diplomatic missions

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NAMIBIA – Namibia’s leading beer maker Namibia Breweries Limited (NBL) has donated 340 cases of Windhoek Lager, valued at close to N$ 100 000 (US$6,800) to the Ministry of International Relations and Cooperation (MIRCO), in celebration of the 31st independence of Namibian diplomatic missions abroad, officially commemorated on 21 March 2021. According to the subsidiary of the Ohlthaver & List (O&L Group), the Windhoek Lager consignment will be dispatched to the diplomatic missions of Namibia across the globe. The brewer has chosen to use its iconic premium lager to be…

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COVID-19 pandemic takes big bite on Namibia Breweries earnings reporting 18% decline in half-year revenue

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NAMIBIA – Namibia Breweries Limited’s (NBL), subsidiary of the Ohlthaver & List (O&L) Group has reported a 18% decline in half year revenue for the period ended December 2020, settling at N$1.3 billion (US$87.3m). The leading brewer attributes the decline to COVID- 19 related restrictions as well as alcohol bans in South Africa (SA), which adversely impacted the trading environment. According to the company its overall volumes went down by 23.1% despite Namibian beer volumes increasing by 1.5% on the back of strong consumer support and loyalty, with specifically Windhoek…

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Namibia’s beer production surge to 146,300 L in December from 8,600 L in April after COVID-19 disruptions ease

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NAMIBIA – After months of COVID-19 disruptions in the alcohol industry in Namibia, beer production shot up in the month of December 2020 to reach 146.3 hectolitres (hl) (146,300 L) from 8.6 hl (8,600 L) in April, according to the Namibia Statistics Agency (NSA) as indicated in its recent Beverage Sectoral report. According to the report, the country’s two leading alcohol beverage companies Namibia Breweries and ABInBev Namibia, produced the lowest brewing figures in the last six years for the months of April and May. In April 2020, the two…

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NBL reports double digit decline in overall volume sales triggered by alcohol sale ban

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NAMIBIA – Namibia Breweries Limited, a leading beverage manufacturing company in Namibia has reported a 14.6% decline in full year revenue for the period ended 30 June 2020 to N$2.6 billion (US$174.6m) from previous year’s N$3 billion (US$201.47m). According to the company, the drop is attributed to several months of lockdowns and alcohol prohibition in both its main markets i.e. Namibia and South Africa which registered a decline in volume sales. NBL’s overall volumes declined by 16.6% with the manufacturer of alcoholic, non-alcoholic and soft beverages, noting that Pre-COVID its…

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Alcohol sale ban to serve Namibia Breweries major blow in 2020 earnings

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NAMIBIA – Namibia Breweries expects to register a drop of between 25% and 35% in operating profits for the 2020 financial year when compared to 2019. The drop is attributed to the ban of sale of alcohol in both Namibia and South Africa to curb the spread of Covid-19 which has dealt the company a major blow, reports The Namibian. The brewery’s 2019 operating profit was at N$651 million, if it drops by the indicated rate it will be between N$488 million and N$424 million. “Basic earnings per share and…

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Namibian Breweries launches Horizon non-alcoholic flavored beer

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NAMIBIA – The Namibia Breweries Limited (NBL), subsidiary of the Ohlthaver & List (O&L), has introduced Horizon, a non-alcoholic flavoured beer with less than 0.5% alcohol, reaffirming its commitment to instil a culture of continuous innovation. With the new offering, NBL will strengthen its commitment of promoting responsible alcohol consumption and curbing the abuse of alcohol, noting that consumers in Namibia have limited choice for quality locally crafted non-alcoholic beers. According to NBL’s Global Marketing Manager, Rene Duffy, “We are committed to encourage responsible behavior in an effort to address…

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Namibian Breweries introduces zero alcohol beer

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Company Name: Namibian Breweries Product Name: Horizon Beer Product Type: Alcohol free beer Namibia Breweries has introduced one of its exciting and latest innovations, ‘Horizon’ – a non-alcoholic flavoured beer to provide more choice to local beer consumers, according to the company’s Global Marketing Manager, Rene Duffy. NBL Global Innovation Manager, Megan Zondagh, says Horizon is a range of expertly brewed, premium tasting Non-alcoholic beers with an alcohol-by-volume (ABV) of less than 0.5%. Zondagh:  “With global and local trends pointing towards a greater focus on health and wellbeing, consumers are…

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Namibia Breweries face stiff operating environment prompted by prolonged countrywide lock-down

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NAMIBIA – Namibia Breweries Limited (NBL) a subsidiary of the Ohlthaver & List (O&L) Group has launched concerns on the prolonged prohibition of alcohol sales in the country that was imposed by the Namibian government to curb the spread of the corona virus. The government banned the sale of alcohol during Namibia’s first lockdown on 27 March. The ban has been extended to 1 June, which will be stage 3 of lockdown. According to the company, if the ban is not lifted soon, the brewer will be forced to take…

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Heineken South Africa boosts Namibia Breweries profits

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NAMIBIA – Namibia Breweries Limited have closed their 2019 financial year with 17 export destinations, 18 brands, and a profit of N$931 million (US$62.88m), reports the Namibian. This is according to recently released financial statements of Namibia’s premier breweries, whose revenue hit N$3 billion (US$0.2bn) this year, up from N$2.7 billion (US$0.18bn) recorded in 2018. Almost 50% of the group’s profit came from NBL’s investment in Heineken South Africa which returned to profit after incurring a series of losses. Of the N$3 billion (US$0.2bn) revenue, the Namibian market remains the…

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