EABL | East African Breweries Limited - FY21 Earnings Note

    EABL’s profitability remained relatively flat during the period. Net revenue edged up 14.7% y/y to KES 85.96B, above our forecast of KES 77.94B, mainly driven by growth in sales across its markets. Net sales in Kenya, Uganda, and Tanzania were up 10%, 33%, and 15% y/y respectively. While PAT remained relatively flat, EPS increased 6.6% y/y to KES 5.51 as a result of EABL increasing its stake in Serengeti Breweries Limited which led to an increased benefit to shareholders.

     

    Download (478.39 KB)

     

    Instagram - https://www.instagram.com/aib_axys_africa/
    AIB-AXYS Africa
    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.
    Latest Reports