Nigerian Breweries Plc

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Nigerian Breweries Plc (2021-04)
  • Nigerian Breweries Plc
  • Year : Sep 2021
3 Tokens
USD 300.00
Summary

The ratings are supported by NB’s strong competitive position, large distribution network, extensive customer base and well diversified product offering within the alcoholic beverages category, with the company enjoying a 58% market share in the Nigerian beer industry. However, the company’s products are concentrated in a single industry, with a balanced product portfolio in alcoholic and non-alcoholic beverages, while geographic diversification outside of Nigeria is limited.

Additional Information

The Stable Outlook reflects GCR’s view that NB will maintain a strong competitive position and solid financial profile despite the challenging operating environment. The Company is a subsidiary of Heineken N.V Group, which is the second biggest global brewer by volume and revenue, with consolidated beer volume of 241.4million hectolitres spread across 300 international, regional, local and speciality beers and ciders.

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