Edita adds new production line at a cost of EGP 135m to keep pace with high demand
The company plans to raise its production capacity in the cake and baked goods sectors
Latest in Tag: Edita Highlight
Latest in Tag: Edita
Global inflationary pressures push Edita to raise product prices
This trend towards increasing the average selling prices is justified by the inflationary pressures prevailing in the global economic scene, as well as the rise in commodity prices on global stock exchanges, which would contribute to enhancing profitability rates, taking advantage of the high demand for “Molto” products.
Edita signs EGP 150m loan with Crédit Agricole to finance new bakery line
New bakery line set to be operational by Q1 2022
Edita plans to invest Capex of EGP 400m in its 2021 expansion
Company may consider some direct price increases, should new VAT law be approved
Edita, Arab Bank sign EGP 105m medium-term loanÂ
The facility, which comes with a seven-year term, is eligible for issue under the umbrella of the Central Bank of Egypt (CBE) initiative granting loans with an interest rate of 8%.Â
Edita reports significant decline in Q2 results amid pandemic
Edita recorded revenues of EGP 768.7m, down 20.3% q-o-q and 10.9% y-o-y
Edita subsidiary obtains MAD 80m from Arab Bank – Morocco
Company’s Morocco factory will start operations by beginning of 2021, says Shams Eldin
Edita to revise 2019/20 capex budget to cover key projects
Despite slashing capex budget to EGP 650m from EGP 790m, management optimistic about H2 of 2020
EDITA starts production line operations to launch Oniro
Head of Investor Relations, Menna Shams El Din, told Daily News Egypt that that the company has allocated a new production line to Oniro at EDITA’s E08 factory, at an investment cost of EGP 55m.
Edita to proceed with soft entry into biscuits segment post Ramadan
Company will take advantage of expected easing of lockdown measures to pull up revenues
Edita reports revenues of EGP 83m in Q1 of 2020
Company’s factory in Morocco will be inaugurated by year end, says Shams El Din
Edita revenues grow by 9.3% y-o-y to EGP 862.8m in Q2 of 2019 backed by cake, croissant
The revenue growth was backed by Edita’s core cake and croissant segments which saw their revenue grow 3.1% y-o-y and 7.6% y-o-y, respectively in Q2 of 2019. Edita’s cake segment continued to contribute the largest share of total sales at 45.0%, while the croissant segment made up 32.1% of total sales
Edita signs loan contract with IFC for $20m
Operational phase of company’s new factory starts in Morocco in 2020
Edita considers expansion in regional markets to boost sales, revenues
Company plans to enter new markets in sub-Saharan Africa, Asia
Alhokair, Edita exit TBS acquisition deal
We are preparing to end the deal within two weeks, buyer acquires a partial share, according to sources
Actis sells its remaining stake in Edita after a four-year partnership
Despite the end of the partnership, both sides consider it a success story
Allegations against local companies may deter appetite for investing in Egypt
One of the first things foreign investors look at before injecting their money into a new country is the legal framework and the amount of risk that may arise once business disputes occur. Looking at Egypt in recent years, several local companies have been faced with accusations and charges regarding their operations. While these disputes …
Expansion plans will not be affected by transient sugar crisis: Edita
Company securing sugar needs through supply contract with private company, says chairperson Hani Berzi
A government decision to revoke confiscation of Edita sugar is imminent: sources
Sources at Edita Food Industries said they expect a government decision revoking the confiscation of 2,000 tonnes of sugar found at the company’s factory in Beni Suef within hours. The sources explained that the public prosecutor has not yet made a decision to revoke the sugar confiscation. They noted that the company reached out to …
Edita to establish new EGP 50m factory next year
The new factory will allow Editia to expand its production by providing the production inputs and controlling production costs
Actis not planning to sell remaining 15% stake in Edita
After Edita’s stock market listing in April, Actis sold 15% as part of the stock offering
20 companies listed on EGX with EGP 5bn capital since May 2014
Egypt’s stock market to launch second annual IPO summit
Edita, Hostess Brands sign $12m contracts
To finance the contract, Edita will receive EGP 90m medium-term loan from NBK
Edita Food Industries to go for new IPO: Actis partner
Mark Richards could not provide details on the value and the timing of the IPO
Actis invests $102m to acquire 30% of Egypt’s Edita Food Industries
Global firm expresses optimism towards snack food market, citing young and growing population