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March 16, 2015

Edita Food Industries outlines investment case

Egyptian snack maker Edita Food Industries emphasised its growth potential in a bid to court investors as it announced the pricing for a public offering of up to 30% of the company in a combined offering in Cairo and London.

Egyptian snack maker Edita Food Industries emphasised its growth potential in a bid to court investors as it announced the pricing for a public offering of up to 30% of the company in a combined offering in Cairo and London. 

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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Edita will list ordinary shares on the Egyptian Exchange with an indicative price of between EGP16.80 and EGP18.50 per share. The group is also offering global depositary receipts representing five ordinary shares to be listed on the London Stock Exchange. The price will be set according to the current exchange rate set by the Bank of Egypt, the company said.

Edita chairman and MD Hani Berzi said that the company will now begin meeting with domestic and international investors to outline the "compelling corporate competitive advantages" and "underlying macroeconomic and market fundamentals" that have supported the group's growth. 

According to the company, between 2012 and 2014 Edita has grown sales by 19.6%, EBITDA by 26.9% and net profit by 26.2%. 

"The breadth and depth of our product offering, our outstanding market position in key segments, modern ISO-certified production facilities and extensive sales and distribution network give us reason to be very optimistic about our potential to continue creating shareholder value," Berzi insisted. 

"These performance trends are supported by improving spending power in the Arab world’s largest consumer market on the back of economic recovery, as well as robust demographic trends and changing lifestyles and consumer habits in Egypt and the wider MENA region which continue to boost demand for packaged snack food products."

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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