Latest news with #Edita
Zawya
6 days ago
- Business
- Zawya
Egypt: Edita's Q1 2025 revenues grow 9.1% YoY
Arab Finance: Edita has reported a 9.1% year-on-year (YoY) increase in revenue, reaching EGP 4.3 billion in the first quarter (Q1) of 2025, as per an emailed release. Growth was driven by strong performance across its cakes, rusks, and wafers segments, alongside contributions from newer product lines. Gross profit climbed 12.6% YoY to EGP 1.4 billion, resulting in an improved gross margin of 31.6%. The company's focus on value-driven growth and operational efficiency continues to reflect positively in its financial results. Edita's EBITDA rose 3.2% YoY to EGP 694.8 million, with a margin of 16.2%, while net profit stood at EGP 381.0 million, representing a margin of 8.9%. Export sales increased by 19.5% YoY to reach EGP 317.5 million, contributing 7.4% to total revenue. Edita Morocco recorded particularly strong growth, with revenue rising 57.9% YoY to EGP 127.4 million. In line with its regional expansion strategy, Edita's Board has approved the relocation of one of its bakery lines in Egypt to Baghdad, supporting its previously announced expansion plans into Iraq. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
22-05-2025
- Business
- Zawya
Edita Frozen Food Industries enters food service sector with new bakery line
Egypt - Edita Frozen Food Industries has announced its expansion into the food service sector with the launch of a new premium line of frozen croissants, viennoiseries, and breads. The company said the products are designed to meet the standards of hotels, restaurants, cafés, and catering services, offering ready-to-bake solutions. This expansion aligns with Edita's stated strategy to diversify into product categories with high potential and to capture rising demand within the food service sector. The new line was introduced at CAFEX 2025, an exhibition for food and beverage professionals. According to Edita, CAFEX, which featured over 120 exhibitors from the café and restaurant industry, provided a platform for the company to showcase its latest offerings and connect with industry leaders seeking frozen bakery solutions. Edita Frozen Food Industries stated that its entry into the food service sector is supported by its established nationwide distribution infrastructure. This includes seven strategically located distribution centres and a fleet of over 40 refrigerated trucks, which the company said ensures efficient cold-chain management, timely delivery, and optimal product freshness for customers across the country. The company said this new product line builds on the success of Molto Forni, its flagship food brand in the consumer market. Molto Forni has gained recognition for its range of frozen croissants, puff pastries, pizzas, and sweet pies. Edita stated that Molto Forni's frozen pizza has become the market leader in Egypt. Molto Forni products are available nationwide across all governorates and leading modern trade outlets. Edita said this move underscores its ongoing commitment to innovation, quality, and operational excellence, and reinforces its position in both the consumer and food service markets. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
21-05-2025
- Business
- Daily News Egypt
Edita Frozen Food Industries enters food service sector with new bakery line
Edita Frozen Food Industries has announced its expansion into the food service sector with the launch of a new premium line of frozen croissants, viennoiseries, and breads. The company said the products are designed to meet the standards of hotels, restaurants, cafés, and catering services, offering ready-to-bake solutions. This expansion aligns with Edita's stated strategy to diversify into product categories with high potential and to capture rising demand within the food service sector. The new line was introduced at CAFEX 2025, an exhibition for food and beverage professionals. According to Edita, CAFEX, which featured over 120 exhibitors from the café and restaurant industry, provided a platform for the company to showcase its latest offerings and connect with industry leaders seeking frozen bakery solutions. Edita Frozen Food Industries stated that its entry into the food service sector is supported by its established nationwide distribution infrastructure. This includes seven strategically located distribution centres and a fleet of over 40 refrigerated trucks, which the company said ensures efficient cold-chain management, timely delivery, and optimal product freshness for customers across the country. The company said this new product line builds on the success of Molto Forni, its flagship food brand in the consumer market. Molto Forni has gained recognition for its range of frozen croissants, puff pastries, pizzas, and sweet pies. Edita stated that Molto Forni's frozen pizza has become the market leader in Egypt. Molto Forni products are available nationwide across all governorates and leading modern trade outlets. Edita said this move underscores its ongoing commitment to innovation, quality, and operational excellence, and reinforces its position in both the consumer and food service markets.
Zawya
08-04-2025
- Business
- Zawya
Egypt: Edita to pay $15.6mln dividends for 2024
The ordinary general meeting (OGM) of Edita Food Industries approved cash dividends of EGP 800.10 million for 2024. Edita will pay out a dividend of EGP 1.14 per share over two installments, according to a bourse filing. The EGX-listed firm disbursed EGP 400 million in cash dividends for 2023. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
10-03-2025
- Business
- Zawya
Egypt: Edita Food Industries reports record-breaking revenues of $317mln in FY2024
Edita Food Industries S.A.E. has announced a milestone year, with revenues soaring 33.2% year-on-year (y-o-y) to reach EGP 16.1 billion in 2024. The company's strategic diversification, successful pricing strategies, and regional expansion efforts have played a pivotal role in its impressive financial performance. Edita's net profit climbed to EGP 1.4 billion, bolstered by a surge in revenues across all product segments. The cake segment, which remains the company's primary revenue driver, grew 37.1% y-o-y, contributing to more than 50% of total revenues. Meanwhile, smaller product segments saw remarkable expansion, with wafers, biscuits, and candy revenues rising by 60.8%, 144.4%, and 57.6% y-o-y, respectively. Pricing Strategy Drives Profitability Amid Inflation Despite inflationary pressures and the impact of the Egyptian pound's devaluation, Edita successfully navigated cost challenges through strategic repricing and commercial initiatives. This resulted in a gross profit of EGP 4.9 billion, reflecting a 25% increase y-o-y. The company maintained a gross profit margin (GPM) of 30.4% for the year, with a notable improvement in the fourth quarter, where GPM reached 30.9%. Expanding Regional Presence: Morocco and Iraq Take Center Stage Edita's regional expansion efforts yielded significant results in 2024, with net export sales rising 42.1% y-o-y to EGP 1.6 billion. Edita Morocco played a crucial role in this growth, recording EGP 475.6 million in revenues, up 45.8% y-o-y, as its second production line reached higher utilization levels. The company also leveraged Morocco as a strategic hub to enter West African markets, with its first shipment to Mauritania completed in November 2024. Further strengthening its regional footprint, Edita made a strategic move into the Iraqi market, one of the region's fastest-growing snack food sectors. In January 2025, the company acquired a 49% stake in Tuama Jebur Abbas, a Baghdad-based manufacturer, with plans to commence operations in the second half of the year. With a diversified portfolio, strong export momentum, and continued regional expansion, Edita is well-positioned for sustained growth in 2025 and beyond. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. ( Daily News Egypt
