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PRESS RELEASE: NBL releases interim FINANCIAL RESULTS

Hendrik (Wessie) van der Westhuizen, the Managing Director of Namibia Breweries Limited (NBL), today said that NBL delivered a solid financial performance despite a number challenges which characterised the trading environment. Said van der Westhuizen: “Our overall sales continue to grow in both Namibia and South Africa with varying growth levels in our export markets”.  He further stated that despite many challenges in the industry, NBL had managed to grow operating profit by double digits.

Van der Westhuizen added: “With recent investments in our brands, production facilities and the passion and commitment of our people to take this business to a new level, will ensure that NBL maintains its trajectory towards growth and prosperity.

"We continued to conduct brand packaging innovations and renovations based on consumer feedback across our product offering. Within the portfolio of international and African brands, the Windhoek trademark continued to outperform with the can variant continuing to do particularly well. The Windhoek trademark saw the launch of a new TV campaign which was aired in South Africa and across the region.


(Photograph: NBL Chairman & O&L Executive Chairman, Sven Thieme, left, with Wessie van der Westhuizen, MD Namibia Breweries Ltd.)

"In Namibia, Tafel Lager saw a launch of a new 440ml can. The Tafel brand also spearhead NBL portfolio growth and helped increase market share. Windhoek Draught continues to perform well and has also contributed to the overall growth in volumes. Windhoek Lager, maintained positive contribution to sales in Namibia."

Graeme Mouton, the Finance Director said: “NBL finished the year (end 31/12/2012) strongly, delivering good performance in the last 12 months. This was mainly driven by top-line growth of local sales and contract packaging volumes supplying our South African JV and our regional partners. We experienced mixed performances in our export markets, with Windhoek Lager and Draught continuing to do well in Zambia. DHN Drinks, our joint venture in South Africa, continued to grow its portfolio at single digit levels despite a highly competitive environment.’’  He anticipates that the current and future dividends will not be impacted by the recognition of the DHN Deferred tax asset.

Namibia Breweries Limited employs 730 employees. The company is listed on the Namibian Stock Exchange (NSX). The Ohlthaver & List Group of Companies is the single largest investor in NBL. The company’s brand portfolio includes leading brands such as Windhoek Lager, Tafel Lager, Windhoek Draught, and Windhoek Light. NBL is also the distributor of Diageo-owned ready-to-drink beverages (RTDs) and ciders in Namibia.

Roux-che Locke, Group Manager: External Relations
Group Corporate Relations (Ohlthaver & List Group)
P.O Box 16, Alexander Forbes House
C/o Independence Avenue & Fidel Castro Street Windhoek, Namibia
Tel: +264 (0)61 207 5111 / Fax: +264 (0)61 255599 / Cell: +264 (0)81 124 2664




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