Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Soft drinks

Court orders NAFDAC to compel NBC to warn consumers against drinking Fanta, Sprite with Vitamin C

A Lagos High court in Igbosere, on Monday ordered the National Agency for Food, Drug Administration and Control (NAFDAC) to compel the Nigerian Bottling Company Limited (“NBC”), producers of Fanta and Sprite soft drinks to include health warnings on its label which says that the drinks cannot be taken with Vitamin C.

According to a report in The Nation Newspaper, Justice Adedayo Oyebanji made the order while delivering a judgement on a case brought before it by a Lagos businessman, Dr. Emmanuel Fijabi Adebo of Fijabi Adebo Holdings Ltd against NBC and NAFDAC.

NBC wins National Productivity Order of Merit Award

Nigerian Bottling Company Limited (NBC), bottler of the famed Coca-Cola soft drinks in Nigeria has been honoured with the prestigious National Productivity Order of Merit Award (NPOM) by his Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria.

The Award ceremony which took place on 21 February, 2017 in Abuja was part of the 16th National Productivity Day Celebration themed ‘Productivity for Sustainable Entrepreneurship and Employment’.

Seven-Up Bottling Company appoints Ziad Maalouf Managing Director

Seven-Up Bottling Company Plc has appointed Mr. Ziad Maalouf as the new Managing Director of the 57 year old company.

Up until his recent appointment, he was the company’s Chief Operating Officer and had joined the company in 2008 as it’s National Sales and Distribution Manager.

Mr. Maalouf has over 20 years work experience in corporate finance, organizational leadership and strategic management, among others. He holds a Bachelor’s Degree and a Master’s Degree in Business Administration from the American University of Beirut.

Suntory Food & Beverage ends year on a high note

Suntory Food & Beverage Limited, reported its full year results, with sales increasing 2.1% to ¥1.4 trillion yen ($12.3bn).

The maker of Lucozade and Ribena said it achieved higher revenue growth as a result of aggressive marketing and cost reduction initiatives it carried out on its main brands.

Revenue growth initiatives, cost efficiencies lift Coca-Cola HBC profit

Coca-Cola HBC, the parent company of Nigerian Bottling Company (NBC) reported its full-year results on Thursday for the 2016 financial year, with revenue falling 2% to €6.2bn ($6.6bn) despite a 1% volume increase.

The company which is the Coca-Cola anchor bottler in 28 mostly European countries and Nigeria said that adverse currency movements caused the decline.

PepsiCo’s full-year results boosted by North American business unit

PepsiCo on Wednesday reported its fourth quarter and full-year results for 2016, with Q4 revenue rising 5% to $19.5bn, while full year sales came in flat.

The soft drinks giant said that the positive results in the fourth quarter and full year were helped by productivity gains and the impact of efficiency initiatives and lower raw material costs.

FX headwinds, acquisition costs and divestitures weigh on Coca-Cola sales and profits

The Coca-Cola Company (TCCC) reported its fourth quarter and full-year results on Thursday, with revenue falling 6% for the quarter to $9.4bn, from $10bn in the same period in 2015. It would be the seventh quarterly drop for the company. Full-year sales also fell 5% to $42bn, from $44bn in the prior year, blamed on foreign exchange headwinds, weakened economies abroad, cost of acquisitions and divestitures tied to its bottler refranchising.

The soft drinks giant said that costs related to the refranchising of its U.S. bottling operations came in higher than expected and hurt Q4 and full-year results, with fourth quarter net profit declining 55% to $550m, from $1.24bn, while full-year net income fell 11% to $6.5bn, from $7.4bn.

Avon Crowncaps posts loss despite strong revenue growth in Q3

Avon Crowncaps & Containers Nigeria Plc, makers of screw caps and metal containers for the beverage industry and others said that revenue for the third quarter (Oct – Dec) rose 67% to N6.4bn, from N3.8bn in the prior period.

However, a higher cost of sales of N5.8bn, an 87% increase from the prior year’s N3.1bn left little gain in the form of operating profit to cover expenses.

NBC awards trucks to distributor partners in Abeokuta

Nigerian Bottling Company Limited (“NBC”), bottlers of Coca-Cola products in Nigeria has given out nine distribution trucks to its distributing partners in Abeokuta, Ogun State. The distributing partners received the trucks during a presentation ceremony organized by NBC directors in December 2016 at the company’s depot in Abeokuta.

The company said the initiative was part of its plan to grow, develop and satisfy the market in a more efficient and sustainable way.

Seven-Up losses grow despite sales growth

Seven-Up Bottling Company, bottlers of the famed Pepsi cola brand released its financial results on Tuesday for the nine-months  ending 31 December 2016.

The soft drinks maker reported a net loss of –N4.8bn for the period (Apr – Dec 2016) and -N2.9bn alone in Q3 (Oct – Dec). In the nine-months of 2015, it recorded N2.2bn in profit.