Tag Archives: Financial Market Forum

NB seeks to expand leadership in premium lager, scale-up mainstream and drive malt growth

Nigerian Breweries Plc (“NB Plc”), the country’s largest brewer by volume and sales has set a goal to expand its leadership in premium lager, build scale in mainstream segment (formerly value segment) and drive malt growth as it counters stiff competition from rivals – International Breweries Plc, a subsidiary of AB InBev and Guinness Nigeria Plc.

Nigerian Breweries – Financial Market Forum Wrap-Up

Nigerian Breweries Plc, the nation’s largest brewer held its ‘2017 Financial Market Forum’ on 14th September 2017 at the company’s Iganmu-Lagos facility, where the new CEO Johan Doyer and Finance Director, Mark Rutten held a briefing of the company’s business and gave analysts a tour of the Iganmu plant.

The company posted a 15% revenue growth in the first-half of 2017, driven partly by earlier price increases. Beer volumes in the period declined mid-single digit. The brewer said it has implemented further marginal price increases in the N220 to N230 price range for select brands at the start of the third quarter of 2017 with the aim boosting margins amidst local input cost pressures.