Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nairobi Stock Exchange  >  East African Breweries Limited    EABL   KE0000000216

EAST AFRICAN BREWERIES LIMITED

(EABL)
  Report
End-of-day quote. End-of-day quote Nairobi Stock Exchange - 11/30
153 KES   -0.49%
07/30EAST AFRICAN BREWERIES LIMITED : Annual results
CO
06/30EAST AFRICAN BREWERIES LIMITED : Report
CO
05/17Kenya's East African Breweries says COVID-19 may slash profit by 25%
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

East African Breweries : Robust Performance from EABL despite fall in Senator Volumes

08/07/2014 | 09:18pm EST
Robust Performance from EABL despite fall in Senator Volumes

East African Breweries Limited today announced its full-year results for the period ended 30th June 2014 with a net sales growth of 4% and 5% increase in profit after tax.

The results were buoyed by a mix of strong performance in Uganda, which grew by 13%. Sales in export markets grew by 50% while spirits, premium and mainstream beer delivered a double digit growth. However Senator Keg significantly declined post the implementation of excise tax.

"Our regional performance has been mixed.  In Kenya, we experienced a difficult year due to the Senator Keg volume collapse.  Tough trading conditions in Tanzania and volatility in South Sudan also contributed to weaker top line growth. However, our performance has been solid as evidenced by our overall growth" said EABL Group Managing Director, Mr. Charles Ireland.

Kenya delivered a slight decline of 1% on NSV due to Senator Keg performance. This was offset by a strong spirits performance and successful innovations in Jebel Gold and Senator Dark, both in the emerging category, alongside new marketing campaigns such as Tusker 'Twende Kazi'.

"I am very pleased with our performance in Uganda that yielded a net sales growth of 13%. Our price mix interventions and effective launch of Reserve brands played a key part in securing this positive result, along with a successful new Bell Lager campaign and a very strong performance on Uganda Waragi," added Mr. Ireland

Our Export markets grew 50%, supported by the opening of a depot in Juba and the introduction of cans.  However performance slowed down due to political unrest from December 2013.  

In Tanzania, business performance was affected by the short-term effect of our Route to Consumer changes. Serengeti Premium Lager grew by 16%, driven mainly by the Fiesta Music Tour and successful introduction of Serengeti Platinum.

Cost of sales improved by 1%, driven by supply chain efficiencies. Fixed costs under-recovery was mainly due to lower Senator Keg volumes but this was mitigated through Cost of Goods (CoGs) saving initiatives. Administrative expenses increased by 24% including one-off restructuring costs. Excluding these costs, underlying growth was 8%.

There was a 13% rise in selling and distribution costs as the business continues to invest in its brands.  As a result of implementation of tax efficiency initiatives, the business lowered its effective tax rate by 7% to 34%.  Total group borrowings increased in the year to fund operations and capital expenditure, while interest expenses increased as a result of this. Net capex investments rose to 6.8 billion in support of future growth.

"We are confident of the future and EABL's ability to win market share, backed by the business strength and agility, proactive brands and capex investments and the long-term outlook for East Africa's consumer economies." said Mr. Ireland.

A final dividend of Kshs 4/- per share has been recommended.

Click here to download the EABL Financial Results for the year ended 30 June 2014

Click here to view a summary of the EABL Financial Results for the year ended 30 June 2014

  • Kenya Breweries Ltd. is formally incorporated as a private company. The first beer is brewed on 14th December. The first batch delivered to the Stanley Hotel where it was opened to a mixed reaction.

  • First Annual General Meeting of the company is held. George Hurst, company founder, is killed in an elephant hunting accident. In his memory, his brother Charles decided to name the first beer brewed 'TUSKER'.

  • KBL's board decides to start using malted barley in the production process instead of imported malt extracts significantly improving TUSKER's appearance and flavour. This move saved the company at least £780per year.

  • KBL becomes a public company owing to the increased number of shareholders

  • Mombasa Brewery officially opened on 8th February by the colonial Governor of Kenya Sir Evelyn Baring. Initially, HRH Price Philip was meant to preside over the event, but was forced to travel back to England following the death of King George VI.

  • EABL is listed in the Nairobi Stock Exchange.

  • First Africans Messrs. J M Muchura and J Thuo appointed to the EABL board of directors.

  • Guinness East Africa Limited incorporated in Kenya. The board approved modernisation and expansion of the Tusker Plant in Ruaraka increasing production capacity by over 110,000 cases per month.

  • President Jomo Kenyatta lays the foundation stone of the company's new headquarters at Ruaraka and launches a multi-million pound five-year expansion programme. Wooden beer cases are replaced by more durable plastic cases

  • EABL completes the largest public share issue in Kenya's history offering 3 million ordinary shares at a price of Ksh.18 each, raising the number of shareholders to more than 23,000. KBL hosts a sports festival to aid Kenya Olympics team.

  • EABL celebrates 50 years Golden Jubilee with the opening of the new headquarters by His Excellency, Daniel Arap Moi - Vice President of Kenya. On the same day, celebrations to mark the occasion were held at all plants and depots throughout the country.

  • Construction work on Central Glass Industries begins. The plant went on to produce its first bottle in 1987.

  • KBL installs an ultra modern state of the art bottling line at Tusker Brewery. Citizen Special lager is launched. KBL celebrates its 75th Anniversary.

  • EABL signs license agreements with South African Breweries International and agree terms for share exchanges in Kenya Breweries Limited and Tanzania Breweries Ltd.

  • EABL becomes the first company in East Africa to reach US$1 Billion in value. The company cross-lists on the Dar-Es-Salaam Stock Exchange. The EABL Foundation is launched aimed at enriching the lives of poor and excluded people in East Africa.

  • KBL successfully launches Alvaro, the company's first non-alcoholic natural malt drink and records consumption of over eight Million bottles within the first three months following the launch.

  • EABL successfully acquires substantial interest in Tanzania's Serengeti Breweries Limited (SBL) making EABL free to complete the acquisition. SBL is Tanzania's second largest brewing operation and makers of the popular Premium Serengeti Lager.

  • Tusker renovates packaging relieving historical moments through a symbolic chariot drive to The Stanley Hotel

  • Deloitte Best Company to work for Survey 2012

  • EABL selected to host the first Diageo Africa HR Shared Service Centre to be based in Nairobi

Website Terms & Conditions


If You do not Accept these Terms & Conditions Please Leave The Site Now.


Any use by you of the website operated by East African Breweries Limited at www.eabl.com
is conditional upon your acceptance of these Terms & Conditions, including our Privacy
Statement.

We reserve the right to amend these Terms & Conditions from time to time without notice and at our discretion. It is your responsibility periodically to review this page for updates to these Terms & Conditions, which shall come into effect once posted. See box below for a summary of updates.

Your continued use of the Site will be deemed acceptance of these Terms & Conditions, including our Privacy Statement.This Site is intended for use by you only if you are of legal age to purchase alcohol in your country of residence and in the country from which you are accessing the site. If you do not fall within this category, you may be in breach of laws or regulations applicable in your country of residence or in your country of access and you should leave the Site immediately.

All references to 'our', 'us', 'we' or 'company' within this policy and within the opt-in notice are deemed to refer to East African Breweries, its subsidiaries and associates.


  1. Rights - all rights in all material and content (including, but not limited to, text, images, web pages, sound, software (including, code, interface and website structure) and video, and the look and feel, design and compilation thereof) at this Site are owned by us or our licensors. You agree that you are permitted to use this material and/or content only as set out in these Terms & Conditions or as otherwise expressly authorized in writing by us or our licensors, and that you may not otherwise copy, reproduce, transmit, publicly perform, distribute, commercially exploit, adapt, translate, modify, bundle, merge, share or make available to any person, or create derivative works of such material or content.

  2. Intellectual Property - We are the owner and/or authorized user of all trade marks, service marks, design marks, patents, copyrights, database rights and all other intellectual property appearing on or contained within the Site, unless otherwise indicated. Except as provided in these Terms & Conditions, use of the Site does not grant you any right, title, interest or license to any such intellectual property you may access on the Site. Except as provided in these Terms & Conditions, any use or reproduction of the intellectual property is prohibited.

  3. Copying - You may view this Site and you are welcome to print hard copies of material on it solely for your lawful, personal, non-commercial use. All other copying, whether in electronic, hard copy or other format, is prohibited and may breach intellectual property laws and other laws worldwide. Furthermore, you are not entitled to reproduce, transmit, publicly perform, distribute, adapt, translate, modify, bundle, merge, share or make available to any person, or create derivative works of such material, or use it for commercial purposes, without our prior written consent. All other rights are reserved.

  4. Terms of Use and Acceptable Usage Policy Relating To Message Boards
    This Site may contain discussion groups, news groups, bulletin boards, chat rooms and other interactive services (collectively, "Message Boards"). We may or may not actively monitor use of, or content or materials posted on, our Message Boards. Similarly, we may or may not exercise editorial control over the content of any Message Board. As a result, you may be exposed to content on our Message Boards that is inaccurate, fraudulent or deceptive or that you find offensive or objectionable. Your use of Message Boards is at your own risk.However, we reserve the right, but are not obliged, to monitor our Message Boards and to remove or alter any content, which we consider, in our sole discretion, constitutes a misuse of these rules. We may restrict, suspend or terminate your use of these services or the Site where we believe that there has been such a misuse.


The following examples constitute a misuse of our Message Boards:

  • Using the services for any improper, unlawful or immoral purpose, causing any nuisance by your use of the services or causing the operation of the services to be jeopardized or impaired;
  • Using the services to create, host or transmit (whether in a Message Board or otherwise) any defamatory, offensive, or obscene material or engaging in activities which would cause offence to others on grounds of race, religion, creed or sex;
  • Using the services to harm, or attempt to harm, minors in any way;
  • Using the services to create, host or transmit any material that threatens or encourages bodily harm or the destruction of property or would constitute a criminal offence or give rise to civil liability;
  • Using the services to create, host or transmit material which infringes the copyright, trademark, patent, trade secret, privacy, publicity or other intellectual property or proprietary rights of any other party;
  • Using the services to create, host or transmit unsolicited advertising material to other users;
  • Using the services to create, host or transmit any material that harasses another;
  • Using the services to make false, misleading, deceptive or fraudulent offers to sell or buy products, items or services or to send chain letters or pyramid schemes and the like;
  • Adding, removing or modifying identifying network header information or copyright management information including author names, publication dates or clearance agency names in an effort to deceive or mislead;
  • Using the services to access, or to attempt to access, the accounts of others or to penetrate, or attempt to penetrate, our or a third party's security measures, computer software, hardware, electronic communication system, or telecommunications systems;
  • Using the services to collect, or attempt to collect, personal information about third parties without their knowledge or consent or to engage in screen scraping, database scraping or any other activity with the purpose of obtaining lists of users or other data;
  • Using the services for any activity which adversely affects the ability of other people or systems to use the services or the internet generally, including, without limitation, flooding and hacking;
  • Reselling, repurposing or redistributing any services provided by us our contractors or our licensees without our prior written consent; or impersonating any person or entity or using a false name that you are not authorized to use.
  • Encouraging, condoning or glamorising under-age drinking, drunk-driving or excessive consumption of alcoholic beverages
  • Disclosing any personally identifiable information about yourself or any other party (e.g. telephone number, geographic address or any other information from which an individual's identity or contact information can be derived)


This list only serves to provide examples and is not meant to be an exhaustive list of the type of unacceptable uses of the Message Boards that may result in the restriction, suspension or termination of your use of the Message Boards or of our Site. Due to the global nature of the Internet, users hereby agree to comply with all local rules regarding online conduct and acceptable content. Users also agree to comply with any applicable rules regarding the export of any data from any country.

Any content, information or material posted to a Message Board ("Postings") will be deemed not to be confidential or secret. You understand that personal and other information (e.g. username, email address, phone number) that you post on or through Message Boards is generally accessible to, and may be collected and used by, others and may result in unsolicited messages or other contact from others. You should not include any personally identifiable information about yourself or any other person in any posting. We reserve the right, but not the obligation, to remove any postings that contain personally identifiable information. We shall not be liable for the use or misuse of any information or data, including personal information that you post on our Message Boards.

You represent and warrant that your Postings are original to you, are not obscene, vulgar, offensive, malicious, discriminatory, defamatory or otherwise unlawful, that no other party has any rights thereto, and that any "moral rights" in your Postings have been waived, and you grant us a royalty-free, unrestricted, worldwide, perpetual, irrevocable, non-exclusive and fully transferable, assignable and sub-licensable right and license to use, copy, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such Postings (in whole or part) and / or to incorporate them in other works in any form, media, or technology now known or later developed.

We are not responsible for maintaining your Postings and we may delete or destroy them at any time.

CONTENT, INFORMATION AND MATERIALS POSTED BY USERS TO MESSAGE BOARDS ARE NOT ENDORSED BY US. IT IS YOUR RESPONSIBILITY TO EVALUATE AND CONFIRM THE ACCURACY OF INFORMATION PROVIDED BY OTHER USERS ON OR THROUGH MESSAGE BOARDS.

The opinions expressed in Message Boards are not necessarily ours. Any statements, advice and opinions made by participants are those of such participants only. We shall not be held responsible for any statements, advice, opinions or other content or materials on message Boards. You release us from claims and demands of every kind and nature, known and unknown, howsoever arising out of or in any way connected with a dispute with another user of this Website.

We may enable you to establish an account with a username and password to access and use the Message Boards. If so, you are responsible for maintaining the strict confidentiality of your account password, and you are responsible for any activity under your account and password. You agree to (a) immediately notify us of any unauthorized use of your password or account or any other breach of security, and (b) ensure that you exit from your account at the end of each session. It is your sole responsibility to control the dissemination and use of your password, control access to and use of your account, and notify us when you desire to cancel your account. We will not be responsible or liable for any loss or damage arising from your failure to comply with this provision


5. NO WARRANTIES - This site is provided "as is," and your use thereof is at your own risk. We, our officers, directors, employees, agents and assigns, disclaim, to the fullest extent permitted by law, all express and implied warranties, including, without limitation, any warranties of merchantability, fitness for a particular purpose, title and noninfringement. We do not warrant that the site will be free from viruses, available or that the contents will be accurate. Although we take reasonable steps to secure the site, you acknowledge that the internet is not a completely secure medium and we make no warranties, express or implied, that any information or materials you post on or transmit throughthe site will be safe from unauthorized access or use. If you are dissatisfied with the site, your sole remedy is to discontinue using the site

6. THIRD PARTY GOODS AND SERVICES - We do not vouch for those persons, Companies and other organisations whose goods or services may be Accessed or displayed through or on the site.

7. Your responsibility - You should always verify the information set out in this Site with independent authorities before acting or relying on it. It is your responsibility to use viruschecking software on any material downloaded from this Site and to ensure the compatibility of such software with your equipment.
In circumstances where you provide us with information relating to any third parties, you warrant that you have received that third party's consent in relation to such disclosure and that the third party has been informed of, and agrees to, our Privacy Statement and the uses which we may make of such information.

8. NO LIABILITY- To the fullest extent permitted by law we, our officers, directors, employees, agents and assigns, hereby disclaim all liability for any loss, cost or damage (direct, indirect, consequential, or otherwise) suffered by you as a result of your use of the site or from any computer virus transmitted through the site, or other sites accessed from this site, whether such loss, cost or damage arises from our negligence or otherwise and even if we are expressly informed of the possibility of such loss or damage. In no event shall our total liability to you for all damages, costs, losses and causes of action in the aggregate (whether in contract, tort, including but not limited to negligence, or otherwise) arising from the terms and conditions, including our privacy statement, or use of the site exceed, in the aggregate, kshs 7,500.00.

9. Materials submitted by you - Unless specifically requested, we do not solicit nor do we wish to receive any confidential, secret or proprietary information or other material from you through the Site, any of its services, by email, or in any other way. Any information or material submitted by you, and which we, have not specifically requested, will be deemed not to be confidential, secret or proprietary. You agree that any information or materials submitted by you to this Site, whether ideas, creative concepts or other materials, may be used, reproduced and disclosed by us without restriction for whatever purpose we deem fit and without payment of any sum or acknowledgement of you as their source. You also warrant that any "moral rights" in posted materials have been irrevocably waived by the appropriate authors.

WE SHALL HAVE NO LIABILITY FOR ANY LOSS OR DAMAGE SUFFERED BY YOU AS A RESULT OF USE OR DISCLOSURE OF SUCH MATERIALS BY US TO THE EXTENT
PERMITTED BY LAW.

This paragraph does not affect any rights you may have under data privacy laws that protect your personal information or similar privacy laws, to the extent that such rights cannot be excluded.

10. User Information - In the course of your use of the Site, you may be asked to provide personal information to us (such information referred to hereinafter as "User Information").
Our information collection and use policies with respect to such User Information are set forth in the Site Privacy Statement, which Privacy Statement is incorporated into these Terms & Conditions by reference. You acknowledge and agree that you are solely responsible for the accuracy and content of the User Information.>

11. Links from and to the Site - You acknowledge and agree that we have no responsibility for the information provided by Web sites to which you may link from this Site
("Linked Sites"). Links to Linked Sites do not constitute an endorsement by or association with us of such sites or the content, products, advertising or other materials presented on such sites. We have no control over these Linked Sites and do not edit or monitor them.
You acknowledge and agree that we are not responsible or liable, directly or indirectly, for any damage, loss or cost caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on such Linked Sites. No website may be linked to this website or its pages without our prior written consent.

12. Indemnity - You will indemnify us against any loss, damage or cost incurred by us arising out of your use of the Site, any of its services or any information accessible over or through the Site, including information obtained from linked sites, your submission or transmission of information or material on or through the Site or your violation of these Terms & Conditions or any other laws, regulations and rules. You will also indemnify against any claims that information or material, which you have submitted to us, is in violation of any law or in breach of any third party rights (including, but not limited to, claims in respect of defamation, invasion of privacy, breach of confidence, infringement of copyright or infringement of any other intellectual property right). We reserve the right to exclusively defend and control any claims arising from the above and any such indemnification matters and that you will fully cooperate with us in any such defenses.

13. Restriction, Suspension and Termination - We may restrict, suspend or terminate your access to the Site and/or your ability to avail of any of the services on the Site, including interactive services, if we believe that you have breached these Terms & Conditions at any time. Any such restriction, suspension or termination will be without prejudice to any rights, which we may have against you in respect of your breach of these Terms & Conditions. We may also remove the Site as a whole or any sections or features of the Site at any time. Please note that we have the ability to trace your IP address and if necessary contact your ISP in the event of a suspected breach of these Terms & Conditions.

14. Entire Agreement - These Terms & Conditions, including our Privacy Statement, constitutes the entire agreement between you and us in relation to its subject matter and supersedes any and all prior promises, representations, agreements, statements and understandings whatsoever between us. To the extent that software is available through the Site, such software may be subject to a license agreement that is distributed or included with such software and you agree to abide by the terms and conditions of any such license agreements. The failure by us to exercise or enforce any right or provision of the Terms & Conditions shall not constitute a waiver of such right or provision. If any provision of the Terms & Conditions is found by a court of competent jurisdiction to be unenforceable or invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the Terms & Conditions shall remain in full force and effect. We may cede assign or otherwise transfer our rights and obligations in terms of these standard terms and conditions to third parties.

15. Copyright And IP Legal Issues: We respect the intellectual property rights of others, and require that the people who use the Site do the same. If you believe that your work has been copied in a way that constitutes copyright infringement, please forward the following information to the EABL Group Company Secretary:

EABL Group Company Secretary, P.O. Box 30161, 00100, Nairobi,
Tel: 254-20-8644000

A description of the copyrighted work that you claim has been infringed

A description of the alleged infringing activity and where the alleged infringing material is Located

A statement by you that you have a good faith belief that the disputed use is not authorized by you, the copyright owner, its agent, or the law

An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest, and

A statement by you made under penalty of perjury, that the above information in your Notice is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf.

Group Company Secretary contacts:
EABL Group Company Secretary, P.O. Box 30161, 00100, Nairobi,
Tel: 254-20-8644000

16. Law and Jurisdiction - These Terms & Conditions, including the Privacy Statement and any matter relating to this Site, shall be governed by the Kenyan law. To the extentthat software is accessible through this site, such software may be subject to export, reexport and/or import controls imposed by the Kenya or any other jurisdiction and may not be downloaded or otherwise exported or re-exported: into (or to a national or resident of) any country to which the Kenya has placed an embargo or which is subject to relevant export restrictions.



©2012 EAST AFRICAN BREWERIES LIMITED P.O BOX 30161, 00100 NAIROBI
All rights reserved.

distributed by

© Publicnow 2014
All news about EAST AFRICAN BREWERIES LIMITED
07/30EAST AFRICAN BREWERIES LIMITED : Annual results
CO
06/30EAST AFRICAN BREWERIES LIMITED : Report
CO
05/17Kenya's East African Breweries says COVID-19 may slash profit by 25%
RE
01/31East African Breweries' first half profit jumps 9%
RE
01/31East African Breweries' H1 profit jumps 9%
RE
01/31EAST AFRICAN BREWERIES LIMITED : Half-year results
CO
2019Kenyan brewer EABL looks to scotch, low-priced beer to counter tax rises
RE
2019EAST AFRICAN BREWERIES LTD : Report
CO
2019EAST AFRICAN BREWERIES LTD : Report
CO
2019EAST AFRICAN BREWERIES LTD : Slide show half-year results
CO
More news
Financials
Sales 2021 74 140 M 675 M 675 M
Net income 2021 7 956 M 72,4 M 72,4 M
Net Debt 2021 32 438 M 295 M 295 M
P/E ratio 2021 16,3x
Yield 2021 3,92%
Capitalization 121 B 1 094 M 1 097 M
EV / Sales 2021 2,06x
EV / Sales 2022 1,74x
Nbr of Employees 1 513
Free-Float 49,6%
Chart EAST AFRICAN BREWERIES LIMITED
Duration : Period :
East African Breweries Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EAST AFRICAN BREWERIES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 204,67 KES
Last Close Price 153,00 KES
Spread / Highest target 57,5%
Spread / Average Target 33,8%
Spread / Lowest Target 4,58%
EPS Revisions
Managers
NameTitle
Andrew David Cowan Chief Executive Officer, Director & Group MD
Martin Luke Oduor-Otieno Group Chairman
Risper Ohaga Group Chief Financial Officer & Executive Director
Jane W. Karuku Independent Non-Executive Director
Japheth Katto Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
EAST AFRICAN BREWERIES LIMITED-22.92%1 094
ANHEUSER-BUSCH INBEV-23.15%131 646
HEINEKEN N.V.-6.74%60 866
BUDWEISER BREWING COMPANY APAC LIMITED1.52%45 532
AMBEV S.A.-25.12%41 221
CONSTELLATION BRANDS, INC.7.94%39 643