Edita Food Industries Company (S.A.E)

EFID

EGS305I1C011

Food Processing

End-of-day quote Egyptian Exchange Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
27.75 ^EGP	-4.31%		-10.34%	-11.00%

Mar. 04	Earnings Flash (EFID.L) EDITA FOOD INDUSTRIES Posts FY23 Revenue EGP12.13B	MT
Mar. 04	Edita Food Industries S.A.E. Proposes Cash Dividends for the Fiscal Year Ended December 31, 2023	CI

Edita Food Industries Company (S.A.E) agreed to acquire Fancy Foods S.A.E. for EGP 380 million.

May 29, 2023

Edita Food Industries Company (S.A.E) (CASE:EFID) agreed to acquire Fancy Foods S.A.E. for EGP 380 million on May 29, 2023. The board of Edita Food Industries Company has unanimously approved the deal on May 29, 2023. The transaction is subject to approval of General Authority for Investment and Free Zones, the Financial Regulatory Authority and the Egyptian Stock Exchange.

Latest news about Edita Food Industries Company (S.A.E)

Earnings Flash (EFID.L) EDITA FOOD INDUSTRIES Posts FY23 Revenue EGP12.13B	Mar. 04	MT
Edita Food Industries S.A.E. Proposes Cash Dividends for the Fiscal Year Ended December 31, 2023	Mar. 04	CI
Edita Food Industries Company (S.A.E) Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 04	CI
Edita Food Industries Company (S.A.E) Plans to Invest EGP 1 Billion in Capital Expenditure for the Year 2024 to Expand in Production Capacities	Dec. 21	CI
Earnings Flash (EFID.L) EDITA FOOD INDUSTRIES Posts Q3 Revenue EGP3.12B	Nov. 06	MT
Edita Food Industries Company (S.A.E) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 05	CI
Edita Food Industries Obtains $45 Million Loan	23-10-02	MT
Edita Food Industries Company (S.A.E) Secures USD 45 Million Loan from IFC	23-10-02	CI
Edita Food Industries Company (S.A.E) announced that it expects to receive $45 million in funding from International Finance Corporation	23-09-30	CI
Edita Food Industries Company (S.A.E) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
Edita Food Industries Company (S.A.E) completed the acquisition of Fancy Foods S.A.E. for approximately EGP 260 million.	23-05-30	CI
Egypt's Edita Foods to Buy Fancy Foods in EGP380 Million Deal	23-05-30	MT
Earnings Flash (EFID.L) EDITA FOOD INDUSTRIES Reports Q1 Revenue EGP2.78B	23-05-30	MT
Edita Food Industries Company (S.A.E) agreed to acquire Fancy Foods S.A.E. for EGP 380 million.	23-05-29	CI
Edita Food Industries Company (S.A.E) Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-28	CI
Edita Food Industries Company (S.A.E) Approves Dividend for Period January 1, 2023 to December 31, 2023	23-05-02	CI
Edita Food Industries Company (S.A.E) Proposes Dividends Distribution	23-03-01	CI
Edita Food Industries Company (S.A.E) Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
Edita Food Industries Approves Food Industry Peer Purchase	23-02-27	MT
Edita Food Industries Company (S.A.E)(CASE:EFID) added to EGX 30 Index	23-02-01	CI
Edita Food Industries Approves Sale of 825 Twinkies Trays to Moroccan Entity	23-01-10	MT
Edita Food Industries Company (S.A.E) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-14	CI
Edita Food Industries Nears Acquisition of Cakes Production Line	22-09-13	MT
Edita Food Industries Starts Operations Of Newly Acquired Bakery Line In Egypt	22-08-15	MT
Edita Food Industries SAE Announces Commencement of Operations of its Newly Purchased Bakery Line in E07 with Total Investment Cost of Around EGP 135 Million	22-08-15	CI

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Company Profile

Edita Food Industries S.A.E. specializes in the production and distribution of packaged food products. Net sales break down by family of products as follows: - cakes (49.4%): the TODO, HoHo's, Twinkies and Tiger Tail brands; - croissants (32.9%): the Molto brand; - waffles (9.7%): the Freska brand; - rusks (5.2%): the Bake Rolz and Bake Stix brands; - sweets (2.3%): the MiMiX brand; - other (0.5%). Thes products are sold to 67,000 wholesalers, retailers and specialist stores. At the end of 2022, the group has 6 production sites located in Egypt.

Sector

Food Processing

Calendar

2024-05-06 - Q1 2024 Earnings Release (Projected)

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Ratings for Edita Food Industries Company (S.A.E)

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

28.45 EGP

Average target price

37.32 EGP

Spread / Average Target

+31.20%

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Quarterly revenue - Rate of surprise

Company calendar

Sector Bread & Bakery Product Manufacturing

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Bread & Bakery Product Manufacturing