Edita Food Industries Co SAE 2023 AR2
The report highlights Edita's record-breaking financial performance in 2023, with revenues increasing by 58.1% year-on-year to EGP 12.1 billion and net profit reaching EGP 1.5 billion. The company expanded its portfolio by entering the frozen food segment through the acquisition of Fancy Foods and launching the Molto Forni brand. Regionally, Edita crossed the EGP 1.0 billion mark in export sales and expanded its operations in Morocco with a second cake production line. On the sustainability front, the company continued to align with the UN Global Compact and Egypt's Vision 2030, while the Edita Foundation for Social Development drove key community health and education initiatives.
Company: Edita Food Industries Co SAE
Sector: Consumer Staples
Country: Egypt
Year: 2023
Type: AR2
Pages: 101
Edita Food Industries Co SAE
Annual Report
The report highlights Edita's record-breaking financial performance in 2023, with revenues increasing by 58.1% year-on-year to EGP 12.1 billion and net profit reaching EGP 1.5 billion. The company expanded its portfolio by entering the frozen food segment through the acquisition of Fancy Foods and launching the Molto Forni brand. Regionally, Edita crossed the EGP 1.0 billion mark in export sales and expanded its operations in Morocco with a second cake production line. On the sustainability front, the company continued to align with the UN Global Compact and Egypt's Vision 2030, while the Edita Foundation for Social Development drove key community health and education initiatives.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees