{"id":612379,"date":"2023-12-21T00:00:00","date_gmt":"2023-12-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/"},"modified":"2023-12-21T00:00:00","modified_gmt":"2023-12-21T00:00:00","slug":"edita-wants-to-invest-1-egp-bn-to-expand-production-capacity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/","title":{"rendered":"Edita wants to invest 1 EGP bn to expand production capacity"},"content":{"rendered":"

Edita has big investment plans for 2024:<\/strong> Snackmaker Edita wants to invest more than EGP 1 bn to increase its production capacity in Egypt next year, Edita Chairman Hani Berzi told CNBC Arabia (watch, runtime: 2:35<\/a>).<\/p>\n

It has been a good 2023: <\/strong>The company\u2019s sales saw more than a 20% y-o-y increase in 2023, he said. <\/p>\n

No FX. No problem.<\/strong> Growing exports played a huge role in securing the needed hard currency to cover import costs, Berzi said, adding that Edita\u2019s exports are expected to exceed EGP 1 bn by year\u2019s end.<\/p>\n

Remember:<\/strong> Edita posted EGP 1.2 bn in net income<\/a> during the first nine months of the year, up 88% y-o-y, and sold EGP 8.8 bn worth of its snacks, up 70% compared to the previous period, driven by growth across all segments.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company\u2019s sales saw a 20% y-o-y in 2023<\/p>\n","protected":false},"author":1,"featured_media":612380,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[191,72,2394,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-edita","tag-enterpriseam","tag-hani-berzi","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"7132f269-c9bb-4267-9066-e07b07f446b3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/428.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian snackmaker Edita wants to invest 1 EGP bn to expand production capacity in 2024","related_issue":[612366],"teaser":"The company\u2019s sales saw a 20% y-o-y in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.04b3138b-91c3-4833-9ab7-cfccaa54c4ae.mp3"},"yoast_head":"\nEdita wants to invest 1 EGP bn to expand production capacity - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edita wants to invest 1 EGP bn to expand production capacity\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s sales saw a 20% y-o-y in 2023\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/428.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Edita wants to invest 1 EGP bn to expand production capacity\",\"datePublished\":\"2023-12-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/428.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Edita\",\"EnterpriseAM\",\"Hani Berzi\",\"investment watch\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/edita-wants-to-invest-1-egp-bn-to-expand-production-capacity\/\",\"name\":\"Edita wants to invest 1 EGP bn to expand production capacity - 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Salib did not specify how much the confectioner plans to invest during this time period, but noted that it has\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604412,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/egypts-edita-food-industries-to-invest-egp-300-350-mn-next-year-to-increase-capacity\/","url_meta":{"origin":612379,"position":1},"title":"Egypt\u2019s Edita Food Industries to invest EGP 300-350 mn next year to increase capacity","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"Edita is planning to invest EGP 300-350 mn next year to increase production capacity and finance overseas expansion, CEO and Chairman Hani Berzi said, according to Al Mal. We had noted yesterday that market-leading producer of packaged snack foods is targeting a 10% growth in exports over the next two\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622114,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/27\/edita-to-buy-out-shareholder-in-subsidiary\/","url_meta":{"origin":612379,"position":2},"title":"Edita to buy out shareholder in subsidiary","author":"enterpriseam admin","date":"27 November 2018","format":false,"excerpt":"M&A WATCH- Edita to acquire minority partner\u2019s stake in candymaking subsidiary in EGP 60 mn transaction: Edita is buying out Confindal Ltd\u2019s 22.27% stake subsidiary Edita Confectionary Co. in a transaction worth EGP 60 mn, Chairman Hani Berzi told Al Mal. Edita, which already owns 77.7% of its candymaking arm,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597593,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/earnings-watch-edita-net-profit-increases-26-3-y-o-y-in-2q2019\/","url_meta":{"origin":612379,"position":3},"title":"Earnings watch: Edita net profit increases 26.3% y-o-y in 2Q2019","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit increases 26.3% y-o-y in 2Q2019: Snack food maker Edita recorded a 26.3% y-o-y increase in net profit for 2Q2019 to EGP 31.7 mn, according to the company\u2019s earnings release (pdf). Revenues from the quarter reached EGP 862.8 mn, up 9.3% y-o-y. Commenting on the results,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594503,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/31\/earnings-watch-edita-net-profit-jumps-19-2-in-3q2019\/","url_meta":{"origin":612379,"position":4},"title":"Earnings watch: Edita net profit jumps 19.2% in 3Q2019","author":"enterpriseam admin","date":"31 October 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit jumps 19.2% y-o-y in 3Q2019: Leading snack food maker Edita\u2019s net profit rose 19.2% y-o-y in the third quarter to EGP 106.6 mn, according to the company\u2019s earnings release (pdf). Revenues for the quarter reached EGP 1.09 bn, up 7% y-o-y. Commenting on the results,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597953,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/earnings-watch-edita-mnhd-report-1q2019-results\/","url_meta":{"origin":612379,"position":5},"title":"Earnings watch: Edita, MNHD report 1Q2019 results","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit increases 87.8% y-o-y in 1Q2019: High-profile snack food maker Edita recorded an 87.8% y-o-y increase in net profit for 1Q2019 to EGP 114.3 mn, according to the company\u2019s earnings release (pdf). Revenues from the quarter reached EGP 982.2 mn, up 10.8% y-o-y, while net profit\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=612379"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612379\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/612366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/612380"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=612379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=612379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=612379"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=612379"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=612379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}