News & Media


Looking for something?

Use the drop down menus below to filter through our News & Media archives.

Published: 14 September 2018

NBL financial results for the year ended 30 June 2018

NBL financial results for the year ended 30 June 2018 PERFORMANCE HIGHLIGHTS
• Revenue N$ 2.6 billion, down by 0.8%
• Operating profit N$ 613 million, up by 0.34%
• Profit after tax N$398 million, up by 25%
• Earnings per share 192.6 cents, up by 25%
• Final dividend per ordinary share 46 cents, up by 9.5%
• Special dividend per ordinary share 193.6 cents.

Business performance

Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group - delivered another solid financial performance in 2018 with operating profit, earnings per ordinary share and profit attributable to shareholders increased by 0.34%, 25% and 25%, respectively. The commitment, dedication and passion of our employees during these challenging times assisted us in delivering respectable results in a very harsh economic environment. The NBL Board declared a final dividend of 46c on 4 September 2018, which represents an increase of 9.5% from the previous period and approved an additional special dividend of 193.6 cents per share.

NBL Managing Director (MD), Wessie van der Westhuizen: “NBL recalibrated its business strategies and key focus areas in line with a challenging economic climate that enabled the business to deliver these remarkable results. Our business culture of producing breakthrough everywhere most certainly assisted us to stay true to our Group purpose of “Creating a Future, Enhancing Life”.


Brands
Despite the total beer market contracting in 2018, NBL still enjoys a majority market share in Namibia. Tafel Lager, the biggest beer brand in Namibia, exceeded volume targets following the introduction of Tafel Lite and new pack sizes in South Africa. The new Windhoek television commercial, Perfect Time, Perfect Beer, shows early signs of widespread consumer resonance.

The Windhoek Perfect Time, Perfect Beer campaign was introduced, anchored by a television commercial that was launched in April 2018. In contrast to previous campaigns, it focuses on emotional relevance whilst continuing to drive the intrinsic credentials of the brand. While it is still too soon to measure the quantifiable metrics of the campaign, there are early signs of widespread consumer resonance.

NBL continue to support the local barley project in collaboration with the Ministry of Agriculture Water and Forestry, to strengthen our local supply chain and create jobs through King Lager. Supporting local enterprises has a multiplier effect on job creation and skills development, to become economically independent and eradicate poverty.

During the year, we relaunched and positioned Camelthorn in Namibia and South Africa as our authentic, small-batch craft beer brand, and incorporated Urbock into this range. The seasonal, dark malted beer has found a perfect place alongside the Weiss and Helles Camelthorn beers.


Financial performance

NBL Finance Director, Graeme Mouton: “The investment into Heineken South Africa continued to contribute to NBL’s performance in F18. While Namibian beer volumes slightly decreased by 2%, NBL’s overall volume declined by 5.5%. NBL maintained its operating margin in line with prior year despite the challenging economic environment. Profit attributable to shareholders of N$398 million was delivered – an increase of 25% on prior year. This increase is mainly attributable to the significant decrease in equity accounted losses from NBL’s associate, Heineken South Africa and a decrease in operating expenses.


Outlook
Van der Westhuizen concluded: “To further diversify and grow our volumes, we plan to continue developing brands and creating experiences. Our focus in the short term will be to further grow volumes in South Africa through Heineken South Africa, while exploring longer-term opportunities to establish the footprint in other African markets. We will continue to develop breakthrough campaigns to further promote our brands. We will continue to explore additional opportunities to further manage costs down. This requires a breakthrough approach and emphasises the importance to create a risk free environment where employees are free to further contribute to the success of the business. “

About Namibia Breweries
Namibia Breweries Limited employs 792 employees. The company is listed on the Namibian Stock Exchange (NSX). The Ohlthaver & List (O&L) Group is the largest investor in NBL. The company’s brand portfolio includes leading brands such as Windhoek Lager, Windhoek Draught, Windhoek Light, Tafel Lager, Tafel Lite, King Lager, Vigo, Code, McKane and Aquasplash, amongst others.
 
Published: 10 September 2018

Hangana Seafood inaugurates Hangana Abalone Farm

Hangana Seafood inaugurates Hangana Abalone Farm Officiated by the Minister of Fisheries and Marine Resources, Hon. Bernard Esau, Hangana Seafood – a subsidiary of the Ohlthaver & List (O&L) Group on Friday, 07 September 2018 officially launched the Hangana Abalone Farm in Lüderitz.

The Abalone Farm, which has been in existence for decades was busy drowning when Hangana Seafood stepped in to save it, in 2016. The future is brighter for this exclusive sub-sector in the local fishing industry, which has the potential to extensively drive the Namibian fishing sector to the next level, on the global front. According to Hangana Seafood Managing Director, Herman Theron, the Hangana Abalone Farm will play a significant role in job creation for the town of Lüderitz, and the future of Namibia’s fishing industry. Hangana Seafood so far invested N$40 Million in Hangana Abalone, with a further N$20 Million investment to be done over the next 12 to 16 months. The Farm has a current capacity of 35 Metric Tons, with a potential growth to 300 Metric Tons over the next 3 years, which will see the creation of 300 job opportunities. Theron: “Namibia is rich in resources, with unlimited potential in the beautiful Atlantic ocean. And as a leader in the local fishing sector, Hangana Seafood is proud of this new development and venture we are about to embark on. Proud for many reasons of course, but more proud that this could be our opportunity, as a proudly Namibian entity, to up the nation’s game in fish produce on a local and global level. The Hangana Abalone Farm will mean an expansion of Namibia’s footprint on the global front in terms of fish supply, and it could set us apart as a leader, internationally, as Abalone is a much loved delicacy, especially in fine-dining.”

In her welcoming address, the deputy Mayor of Lüderitz, Brigitte Fredericks expressed excitement at the opportunities this investment will bring to the town. She referred to Lüderitz as a town with significant contribution to the Namibian fishing sector, and look forward to the further growth and development, and the further investments Lüderitz will enjoy, due to the Hangana Abalone Farm.

Minister of Fisheries and Marine Resources, Bernard Esau who officiated the event, and delivered the keynote address, said this investment demonstrates that there are lucrative investment opportunities at the Namibian coast, other than just fishing rights and quotas. Esau: “To the O&L Group and Hangana Seafood, I wish to say that you are demonstrating, through concrete actions, that you are serious about creating jobs, investing in fisheries, and giving meaning to the Government’s call to develop this country.” Esau further stressed on the potential Abalone farming has in Namibia. Esau: ”Abalone farming is ecologically and economically viable in Namibia, and it is a lucrative product whose market demand far exceeds global supply. Abalone production here in Lüderitz, and indeed all along the coast of Namibia is sustainable as it only needs kelp, a type of seaweed, to feed it. I understand that abalone is to the sea what rhinos are to land. With prices exceeding N$500 per abalone, poaching of this marine species in the wild is a global problem that all Governments are closely cooperating on. I once again congratulate O&L and Hangana Seafood for this serious initiative. I call upon other investors in Namibia and beyond to come and invest in our Mari culture subsector. Come and explore the great opportunities in growing your own fish and other marine species, because the market (global demand) for these products is ever increasing, it is far beyond global supply. Let us together join hands to develop our fisheries sector.”

O&L Executive Chairman, Sven Thieme refers to this development as a result of breakthrough thinking – a concept relevant to the future of the Namibian economy. Thieme: “The Hangana Abalone Farm was identified as a huge opportunity to invest in the Karas Region by creating employment for the people and community, and in so doing uplifting the lives of our fellow Namibians, in particular the community of Lüderitz.” Thieme further stressed that Namibia is a country blessed with unique resources. From agriculture to mining, fishing and tourism. Thieme: “We have these sectors and resources that we can use to our full advantage especially when it comes to attracting foreign investment. However, in achieving the ideals and objectives of Vision 2030, it is up to you and me, through OUR dedication and commitment to bring Vision 2030 to life. Therefore, let’s not only put our hopes on fishing, mining, tourism etc., but let’s create industries beyond such as aqua culture, medical centres, expertise centres, like Singapore and other places have done when they were not limited by what they have, but decided to create what they don’t have. The world has changed; foreign investors are no longer just companies from western countries. America, and Europe, are no longer off bounds for countries like China, India, the Middle East, Nigeria, as well as South Africa, to invest in. Therefore, as an African country our time is NOW (more than ever before) to expand our horizons and capitalize on our rich heritage and resources.”

Currently, the main export market for Hangana Abalone is Asia, more particular Hong Kong.
Published: 05 September 2018

Windhoek Lager strengthens its footprint in Germany

Windhoek Lager strengthens its footprint in Germany Premium beer brand, Windhoek Lager – a product of Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group – has since August 2018 expanded its footprint in Germany, with a re-introduction to the market through new distribution partners.

NBL Manager: Export Markets, Antonio Simoes: “Even though in some isolated cases Windhoek Lager has already been available in the German market, the premium brand will from now on be imported directly from Windhoek to Germany with bottles labelled according to the German deposit system with a GPD's non-returnable notice. This re-introduction to the German market, together with a new pool of distribution partners, will also see for a wider spread of Windhoek Lager availability in Germany.”

Brewed strictly according to the German Purity Law of 1516 (The Reinheitsgebot), Windhoek Lager has annually been awarded Gold at the annual international Deutsche Landwirtschafts Gesellschaft (DLG) Quality Evaluation Awards ceremony since 2007.

For the re-introduction of Windhoek Lager to Germany, a special event was held in Frankfurt, attended by NBL’s Master Brewer, Christian Müller; NBL’s Global Sales Manager, Anton Goosen, and NBL Manager: Export Markets, Antonio Simoes accompanied by representatives of the importer of Windhoek Lager to Germany, TBS Trading GmbH and of the regional cooperation partner, the 'Bierothek'. The manager of TBS Trading GmbH, who was at the event, Hans-Werner Timke explained that TBS supports the promotion of trading activities between Germany and Namibia and sees Windhoek Lager as an important anchor product of an extended portfolio of Namibian products for the German market. Müller: “This simply serves as a further confirmation and fruition of our commitment to producing and delivering only the best Namibia can. As a brewer, I am delighted at this next stepping stone in taking quality Namibian beers to the rest of the world.”

Windhoek Lager is imported to Germany by TBS Trading GmbH and is offered for sale via regional cooperation partners in the various regions of Germany in specialized shops (e.g. craft-beer traders such as the 'Bierothek'), online and also the wholesalers to the catering trade. The firm 'Bierothek' with its offer all around the topic craft- and import beers (to date it has nine branches regularly holding beer-tasting sessions and drawing up beer packages for customers) also represents a unique and interesting channel of distribution for Windhoek Lager.
 
Published: 04 September 2018

Windhoek Lager supports Save the Rhino International

Windhoek Lager supports Save-the-Rhino International As a leading supporter and sponsor in the fight against rhino poaching in Namibia, subsidiary of the Ohlthaver & List (O&L) Group, Namibia Breweries Limited (NBL) through its premium beer brand, Windhoek Lager has stretched its wings to the international arena in fighting rhino poaching.

NBL Manager: Export Markets, Antonio Simoes says Windhoek Lager kicked off an exciting campaign with the announcement of a partnership with ‘Save the Rhino International’ in the United Kingdom (UK), earlier this year. This decision followed the recent tragic death of the last male northern white rhino in Kenya, which saw Windhoek Lager embark on an awareness drive in the UK with a range of fundraising events and activities in outlets. Simoes: “The Windhoek Lager brand has built a strong following in the UK over the last few years so we are excited to be starting this sales push and marketing drive ahead of the summer. We are incredibly proud of our heritage, provenance and charity work protecting our amazing ecosystems and wildlife so it is great to be linking up with Save the Rhino International to raise further funds to support the incredible work they do. Seeing a rhino close up is one of the most exhilarating experiences of my life so I am passionate about ensuring that future generations have this opportunity too. Furthermore, this aligns and brings to life our group purpose of ‘Creating a Future Enhancing life’ which we strive for in all we do.”

Windhoek Lager was launched in the UK in 2010 and is available in both the ON and OFF trade throughout the UK market. Proudly brewed in accordance with the German Purity Law (Reinheitsgebot 1516), NBL and Windhoek Lager importer to the UK, Morgenrot has started an aggressive stockist drive. Morgenrot Sales Director, Graham Archibald: “Windhoek is a fantastic beer and the flagship lager has built a strong following in the UK in the last few years. The partnership, activities and events planned will be key to driving brand awareness, supporting accounts and increasing stockists, and it is fantastic to support Save the Rhino International in their struggle to conserve and protect rhinos.”

In Namibia, Windhoek Lager and its producer, NBL has been a leading supporter of the national campaign against rhino poaching. This include NBL’s support and sponsorship of the ‘Blow The Horn On Rhino Poaching’ campaign launched in 2016 by the Ministry of Environment & Tourism (MET); Namibian Police (NAMPOL); Intelligence Support Against Poaching (ISAP), and NBL. This campaign was introduced as a platform for tip-offs to report illegal rhino poaching. NBL availed N$ 1 Million as a reward which is divided into 4 x N$ 250,000 separate amounts per successful RECIPIENT i.e. total amount paid per successful RECIPIENT will be N$ 250,000 on a case by case basis, and is only applicable to tip-offs that lead to convictions.

Further support by NBL, through its brand Windhoek Lager include a two-seater aircraft (a Piper Super Cub) sponsored to ISAP in 2017, for use in its operations to curb poaching of Namibia’s wildlife species. Windhoek Lager also provides an annual sponsorship of N$100,000 to ISAP’s operations.


About Save the Rhino International

Save the Rhino International collaborates with partners to protect endangered rhinos across Africa and Asia with the goal of ensuring all five species of rhino thrive in the wild.

With the rhino’s habitat shrinking across the globe and poaching reaching crisis point, three of the five species of rhino are Critically Endangered and two of these species have fewer than 100 animals surviving.

Save the Rhino International is aiming to halt the twin threats to ensure that by 2036, black rhinos, Sumatran rhinos and Javan rhinos will no longer be critically endangered.

To halt these twin threats, the UK-based charity works with the most effective people and projects in Africa and Asia to support rhino populations, champion community-led conservation, reduce the trade in illegal horns, and inspire rhino supporters across the globe to join in.

For further information on the latest projects visit:

Website: www.savetherhino.org

Twitter: @savetherhino

Instagram: @savetherhinointernational

Facebook: @savetherhinointernational

Pinterest: savetherhino

You Tube: www.youtube.com/user/SaveTheRhinoOfficial