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    DGH   ZAE000248811

DISTELL GROUP HOLDINGS LIMITED

(DGH)
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Heineken sees synergies from Distell deal but not from job losses

11/15/2021 | 05:13am EST
FILE PHOTO: Heineken logo is seen at the company's building in Sao Paulo

BRUSSELS (Reuters) - Dutch brewer Heineken sees synergies in production, logistics and procurement from buying South Africa's Distell Group Holdings and Namibia Breweries Ltd but does not see them coming from job losses, its chief executive said on Monday.

"There's good cost synergies, not really employment-driven. We will also be engaging with the minister of trade on making commitments in that regard, but I don't expect any job losses in the near term," Dolf van den Brink told Reuters.

Hw also said revenue synergies would be "significant", adding: "I think typically that's code language for at least 10% of revenue or over, which I think is what we have typically been able to promise and deliver in similar deals in the recent past."

(Reporting by Philip Blenkinsop; Editing by Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DISTELL GROUP HOLDINGS LIMITED 0.00% 168.5 End-of-day quote.-0.18%
HEINEKEN N.V. 0.80% 98.7 Real-time Quote.-0.95%
NAMIBIA BREWERIES LIMITED -0.02% 49.47 End-of-day quote.-0.04%
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Financials
Sales 2022 32 164 M 2 098 M 2 098 M
Net income 2022 2 472 M 161 M 161 M
Net Debt 2022 2 505 M 163 M 163 M
P/E ratio 2022 15,1x
Yield 2022 -
Capitalization 37 074 M 2 435 M 2 419 M
EV / Sales 2022 1,23x
EV / Sales 2023 1,11x
Nbr of Employees 4 440
Free-Float 37,4%
Chart DISTELL GROUP HOLDINGS LIMITED
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Distell Group Holdings Limited Technical Analysis Chart | DGH | ZAE000248811 | MarketScreener
Technical analysis trends DISTELL GROUP HOLDINGS LIMITED
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TrendsBullishBearishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 168,50 ZAR
Average target price 180,00 ZAR
Spread / Average Target 6,82%
EPS Revisions
Managers and Directors
Richard Mark Rushton Group Chief Executive Officer & Director
Lucas Cornelis Verwey Group Chief Financial Officer & Executive Director
Jan Jonathan Durand Non-Executive Chairman
Gugulethu Patricia Dingaan Independent Non-Executive Director
Prieur du Plessis Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
DISTELL GROUP HOLDINGS LIMITED-0.18%2 435
ANHEUSER-BUSCH INBEV SA/NV7.20%127 321
HEINEKEN N.V.-0.95%63 609
CONSTELLATION BRANDS, INC.-5.78%44 001
AMBEV S.A.-2.66%43 386
BUDWEISER BREWING COMPANY APAC LIMITED7.09%37 189