EABL | East African Breweries FY24 Earnings Note

    EABL Group navigated varied macroeconomic headwinds to post a sharp 11.8% y/y decline in net earnings to KES 10.87Bn from KES 12.32Bn a year prior.

    The Board of Directors recommend a final divided of KES 6.00/=. This in addition to the earlier issued interim dividend of KES 1.00, raises the total FY’24 dividend to KES 7.00 per share.

    Recommendation - We maintain our HOLD recommendation on EABL Group, pending sustained recovery in consumer demand across all regional markets. 

     

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    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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