2011: The O&L Group of Companies remains well positioned to weather the storm with its diversified investment portfolio.
The highlights in terms of the contribution towards this financial year’s Earnings Before Interest and Taxation (EBIT) are the performances of the Property portfolio and Namibia Breweries, as well as much improved earnings from the Retail sector.
Overall, the Group’s Management is proud and excited to have delivered extraordinarily against the “Growth Through Change” plan, and is convinced that the platform for growth has been established.
(Extract from Executive Chairman’s and CEO’s Review)
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2010: The O&L Group has set itself the strategic objective of becoming one of the top ten companies to work for in Southern Africa by 2011. The associated survey is conducted by Deloitte once a year. On 29 September 2010 our Group has been awarded the overall second place in the large business category.
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2009: The Group is preparing itself for the stretched and necessary targets set for 2011 by the “Growth Through Change” plan. A steady focus is required to maintain the balance between achieving those targets and the ones set for the interim period of 2009–2010. Thus, this year’s results should be seen in the context of the road map to 2011, by which date the positive financial benefits of the heavy investments made in process improvement, capacity enhancement and human capital should be more tangible.
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2008: “The greatest about this year’s achievement is the fact that we have proven that the success of the last year was not a once-off. In addition, we were able to face the global competitive forces which affected some operations negatively with the positive results of some others. This is testimony to our strong portfolio of businesses and builds confidence going forward.” – Sven Thieme, Executive Chairman
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2007: “The clear message to all our stakeholders is that we are proud of our achievements this year, and are confident in our prospects for the future. Our challenge now is to keep the momentum and build the necessary resources to make this success sustainable.”
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