International Breweries Reports First Quarter 2022 Results

International Breweries Plc (IBPLC) has released its 2022 first quarter results, revealing a Gross Profits growth by 307% while Gross Margins expanded by +1800bps, delivering a positive operating profit of N7.8 billion (excluding net FX losses) and Profit Before Taxes of N1.9 billion amidst cost headwinds.

Through this profitability, IBPLC further strengthened its brands through powerful campaigns and commercial actions to grow in the market leveraging on resilient consumer demand to drives volume growth ahead of industry, with significant revenue and profit growth.

According to the Managing Director of IBPLC, Hugo Dias Rocha, “Based on a consistent commercial strategy, we are growing ahead of our industry. We have continued our journey to profitability, which translates in strong results. We remain committed to create value to our stakeholders consistently.”

Building on top of the momentum of a strong FY 2021, our business started 2022 on a positive note. On the back of firm consumer demand for our brands; a robust revenue management; and volumes growth ahead of industry our revenue grew by nearly 50% in 1Q22. We saw consistent growth across all our portfolio.

Keeping focus on profitability, we have enabled our High-End Company brands to grow healthy in the market. Our global brand, Budweiser and our newest innovation, Trophy Extra Special Stout are on a growth path as part of the High-End growth of above 40%.

As a testament to IBPLC commitment to recruit and retain talents who continue to thrive in an enabling and sustainable environment, IBPLC is recognition as the No 1 best place to work in the FMCG category and 5th on the list across various industries in Nigeria by LinkedIn.

International Breweries Plc (IBPLC) is a proud part of the world’s largest brewer, Anheuser-Busch InBev, (ABInBev), the world’s largest brewer with over 400 beer brands.

In Nigeria, IBPLC is the proud producer of Trophy Lager, Trophy Extra Special Stout, Hero and Budweiser and other popular beer brands, while having a non-alcoholic malt beverages portfolio that includes Beta Malt & Grand Malt.

IBPLC was established in December 1971 and was listed on The Nigerian Stock Exchange in 1995. The company, ABInBev consolidated its business stakes in Pabod Breweries Limited, Intafact Beverages Limited into its majority ownership of International Breweries Plc in a merger that was concluded in December 2017.

As a proud part of ABInbev, International Breweries shares culture and heritage of dreaming big. A dream of building a future that everyone can celebrate, and everyone can share. A future with more cheers.