{"id":665990,"date":"2025-05-27T00:00:00","date_gmt":"2025-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/elsewedy-electric-edita-report-1q-earnings\/"},"modified":"2025-05-27T00:00:00","modified_gmt":"2025-05-27T00:00:00","slug":"elsewedy-electric-edita-report-1q-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/elsewedy-electric-edita-report-1q-earnings\/","title":{"rendered":"Elsewedy Electric, Edita report 1Q earnings"},"content":{"rendered":"

More earnings: <\/strong>Elsewedy Electric and Edita are both out with their 1Q 2025 earnings.<\/p>\n

ELSEWEDY ELECTRIC SEES REVENUES RISE IN 1Q-<\/p>\n

Elsewedy E<\/strong>lectric saw its net income after minority interest increase by 4.2% y-o-y in 1Q <\/strong>2025<\/strong> to reach EGP 4.1 bn, according to the company\u2019s latest earnings release (pdf)<\/a>. Revenues grew 31.3% y-o-y during the quarter to EGP 59.4 bn.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Driving the growth: <\/strong>The company\u2019s wires and cables segment was once again its main driver of revenues, growing 21.8% y-o-y to EGP 36.1 bn during the quarter, which it attributed to strategic pricing and diverse product offering that helped offset a \u201cdecline in volumes due to softer demand in certain markets.\u201d Its turnkey segment was the second biggest revenue contributor, growing 55.2% y-o-y to EGP 15.4 bn during 1Q 2025.<\/p>\n

Looking ahead: <\/strong>\u201cWe remain committed to our ambitious three-year strategy, which centres on forging high-impact partnerships with industry leaders. This will further strengthen our global position and allow us to unlock new growth opportunities by leveraging our diversified footprint and capabilities,\u201d said CEO Ahmed El Sewedy.<\/p>\n

\n

EDITA REPORTS REVENUE GROWTH FOR 1Q 2025- <\/p>\n

Edita sees 9.1% y-o-y topline growth: <\/strong>Edita Food Industries reported a 9.1% y-o-y increase in its revenues for 1Q 2025 to EGP 4.3 bn, \u201cdriven by strategic pricing initiatives post introducing new products at higher price points following the March 2024 devaluation,\u201d according to the company's latest earnings release (pdf)<\/a>. Net income, however, dipped 12.7% y-o-y to EGP 381 mn.<\/p>\n

Cakes lead the growth: <\/strong>The cake segment was Edita\u2019s biggest revenue driver as it contributed 53.7% of total sales and grew 14.3% y-o-y to EGP 2.3 bn. The bakery segment came in second, despite seeing a 11.4% y-o-y dip in revenues, the wafers segment followed with a 11.8% y-o-y jump to EGP 551.2 mn. <\/p>\n

Exports also contributed:<\/strong> Net export sales rose 19.5% y-o-y to EGP 317.5 mn during the quarter, with Edita Morocco\u2019s revenues growing 57.9% y-o-y to EGP 127.4 mn \u201cfueled by restructuring initiatives in its distribution models aimed at improving efficiency and expanding market reach.\u201d <\/p>\n

What they said:<\/strong> \u201cAs the market shows signs of stabilization, we are poised to capitalize on recovering consumer demand and increased volumes. In addition to fostering our leading position in the cake and bakery segments, our focus remains steadfast on cultivating new revenue streams, particularly within our nascent wafer, biscuit, candy, and frozen segments, alongside our ongoing regional expansion efforts,\u201d CEO Hani Berzi sa<\/a>id (p<\/a>df)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Electric saw its net income after minority interest increase by 4.2% y-o-y during the quarter<\/p>\n","protected":false},"author":1,"featured_media":665991,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7208],"tags":[302,409,191,152,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-edita","tag-elsewedy-electric","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8c1be714-b87a-4fc7-9afe-51a747cca605","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/685.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Elsewedy Electric, Edita report 1Q earnings","related_issue":[665973],"teaser":"Elsewedy Electric saw its net income after minority interest increase by 4.2% y-o-y during the quarter","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.3d30052f-9ad5-4c1f-ab1e-96e356da1ef7.mp3"},"yoast_head":"\nElsewedy Electric, Edita report 1Q earnings - 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EARNINGS WATCH-Sidi Kerir Petrochemicals Company reported net income after tax of EGP 520 mn in 1Q2023, up 107.2% y-o-y, the company\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623644,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/09\/float-higher-revenues-push-up-elsewedy-electrics-bottomline\/","url_meta":{"origin":665990,"position":1},"title":"Float, higher revenues push up Elsewedy Electric\u2019s bottomline","author":"enterpriseam admin","date":"9 June 2024","format":false,"excerpt":"Revenues rose 35.7% y-o-y to EGP 45.3 bn during the quarter","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/685.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669657,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/06\/elsewedy-electric-sees-net-income-increase-2-1-in-2q\/","url_meta":{"origin":665990,"position":2},"title":"Elsewedy Electric sees net income increase 2.1% in 2Q","author":"enterpriseam admin","date":"6 August 2025","format":false,"excerpt":"Revenues jumped 12.3% y-o-y during the quarter","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/663.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587799,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/01\/palm-hills-revenues-up-22-in-1q-2023\/","url_meta":{"origin":665990,"position":3},"title":"Palm Hills\u2019 revenues up 22% in 1Q 2023","author":"enterpriseam admin","date":"1 June 2023","format":false,"excerpt":"Net income was down 14% on higher financing costs","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1759.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571525,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/earnings-watch-elsewedy-electric-profits-halve-in-1q-as-covid-19-hits-operations\/","url_meta":{"origin":665990,"position":4},"title":"Earnings watch: ElSewedy Electric profits halve in 1Q as covid-19 hits operations","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"EARNINGS WATCH- ElSewedy Electric profit halve in 1Q as covid-19 hits operations: ElSewedy Electric\u2019s quarterly profits plunged in 1Q2020 as weaknesses in the broader economy caused by the coronavirus impacted its operations, the company said in its quarterly earnings statement yesterday (pdf). The company reported profits of EGP 400 mn\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":609742,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/09\/elsewedy-electric-bottom-line-doubles\/","url_meta":{"origin":665990,"position":5},"title":"Elsewedy Electric bottom line doubles","author":"enterpriseam admin","date":"9 November 2023","format":false,"excerpt":"The company also clocked a 66% y-o-y jump in revenues in 3Q 2023","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/415.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665990","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=665990"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665990\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665991"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665990"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665990"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}