Namibian Breweries Ltd. (NBL) is optimistic about emerging opportunities through its recent transaction with Heineken and its acquisition of Ditshell Namibia, which would ensure long-term sustainability for the company and create a regional beverage champion for Southern Africa.
NBL's Managing Director Marco Wenk says these developments will contribute to growth in volumes and market share in Namibia.
NBL sold its 25% shareholding in Heineken South Africa to Heineken's new unlisted public holding company and will appoint a new board next month.
Wenk assured that NBL would remain listed on the Namibian stock exchange and that Heineken would become the company's controlling shareholder.
Wenk claims that the Ditshell Namibia acquisition will result in significant synergies in logistics, local manufacturing, and support functions.
Although consumer demand is expected to remain muted, Wenk highlighted the continuation of inspiring initiatives to drive sales while managing costs in line with volumes.
During the period of July to December 2022, NBL saw overall volumes increase by 8.7% in exports to South Africa.
However, Namibia's beer volumes remained under pressure, decreasing by 3.5% due to low consumer spending and inflation.
NBL's net revenue increased by 21.3%, while operating profit went up by 0.3%.