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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 - 11/23
155 KES   0.00%
07/30EAST AFRICAN BREWERIES LIMITED : Annual results
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06/30EAST AFRICAN BREWERIES LIMITED : Report
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05/17Kenya's East African Breweries says COVID-19 may slash profit by 25%
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

East African Breweries' first half profit jumps 9%

01/31/2020 | 03:53am EST

Kenya's East African Breweries (EABL) posted a 9% jump in pretax profit to 10.6 billion shillings (80.04 million pounds) for its first half to the end of December, it said on Friday.

The company, which is controlled by Britain's Diageo, reported a 10% rise in net sales to 45.9 billion shillings. It also operates in neighbouring Uganda and Tanzania.

"We remain cautiously optimistic about our second half of the year, although unpredicted tax and regulatory changes and challenges in our operating environment continue to present potential risks," CEO Andrew Cowan said.

In Kenya, which contributes 71% of its revenue, it registered an 8% rise in net sales driven by growth in mainstream spirits and scotch whisky.

The company said last July it was counting on a rise in demand for scotch whisky and its low-priced Senator Keg beer to counter the impact of an increase in taxes in Kenya.

Higher sales of Senator Keg, which is made from local ingredients and dispensed from large barrels into mugs in bars, helped to offset the impact of a 1% decline in sales of bottled beer such as Tusker, the company said.

Sales of Senator Keg were also boosted by the opening of a new brewery, dedicated to its production, in the western city of Kisumu.

Uganda, which accounts for 16% of total revenue, posted a 10% rise in sales, driven by premium beer such as Guinness.

EABL is the biggest alcoholic drinks company in Kenya. Its competitors include imported beer like Heineken and smaller, home-grown companies such as Keroche Breweries.

(Editing by Jason Neely)

By Duncan Miriri


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DIAGEO PLC -1.21% 2881.5 Delayed Quote.-8.81%
EAST AFRICAN BREWERIES LIMITED 0.00% 155 End-of-day quote.-21.91%
HEINEKEN HOLDING N.V. 0.77% 78.75 Delayed Quote.-9.49%
HEINEKEN N.V. 0.94% 90.24 Delayed Quote.-5.79%
JASON CO., LTD. 2.61% 707 End-of-day quote.94.23%
RISE, INC. 0.00% 24 End-of-day quote.-20.00%
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
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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 677 M 677 M
Net income 2021 7 956 M 72,6 M 72,6 M
Net Debt 2021 32 438 M 296 M 296 M
P/E ratio 2021 16,5x
Yield 2021 3,87%
Capitalization 122 B 1 115 M 1 115 M
EV / Sales 2021 2,08x
EV / Sales 2022 1,76x
Nbr of Employees 1 513
Free-Float 49,6%
Chart EAST AFRICAN BREWERIES LIMITED
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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 155,00 KES
Spread / Highest target 55,5%
Spread / Average Target 32,0%
Spread / Lowest Target 3,23%
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-21.91%1 115
ANHEUSER-BUSCH INBEV-23.64%128 200
HEINEKEN N.V.-5.79%60 792
BUDWEISER BREWING COMPANY APAC LIMITED10.84%46 897
AMBEV S.A.-21.48%42 086
CONSTELLATION BRANDS, INC.5.70%38 634