Edita Food Industries plans entry into Côte d’Ivoire
The company’s regional push is closely tied to its export strategy.
EGYPT – Edita Food Industries S.A.E., a leading player in Egypt’s packaged snack food market and dual-listed on the Egyptian Exchange (EFID.CA) and London Stock Exchange (EFID.L) has hinted on plans to expand into Côte d’Ivoire.
According to CEO Hani Berzi, no agreement has been reached as of yet, and the intended entry into the nation is a component of a larger investigation into potential new markets.
This year, Edita is also spending EGP 1 billion (US$20M) to increase manufacturing in Morocco, Iraq, and Egypt. This entails expanding operations in recently untapped markets and boosting capacity locally.
The company’s export strategy is strongly linked to its regional push. By year’s end, exports may account for 15–20% of Edita’s overall revenue, up from about 11% in 2024, according to Berzi. Furthermore, this expansion is being driven by both increasing local industry and foreign capital.
In addition to shipping to the United States and other international markets, Edita is expanding into West Africa from its Moroccan factory.
Being on the advisory and council boards for food exports in Egypt, Berzi believes that the country’s total food exports might reach US$12–13 billion this year, up from US$10.7 billion in 2024.
This comes after the company recently announced its results for the quarter ended 31 March 2025.
The company reports that revenues increased 9.1% year over year (y-o-y) to EGP 4.3 billion (US$86.4M), while net profit for the quarter was EGP 381.0 million (US$7.6M).
The quarter’s top-line results demonstrate Edita’s strategic emphasis on value-driven growth and efficient repricing in reaction to the March 2024 devaluation, which had a favorable effect on gross margins, increasing them from 30.6% in the first quarter of last year to 31.6% this quarter.
Due to reduced inflation and increased cost efficiencies, net profitability increased from quarter to quarter, with the net profit margin increasing to 8.9% from 7.3% in the prior quarter.
The cake segment continued to be the biggest revenue contributor, accounting for 53.7% of total revenue for the quarter and growing 14.3% year over year.
Revenues from wafers and rusks also grew by 11.8% and 13.3% year over year, respectively.
A notable 224.8% year-over-year revenue rise was reported by the biscuits business, which was fuelled by robust volume growth that more than doubled during the quarter.
In terms of geographical expansion, net export sales in the first quarter of 2025 climbed 19.5% year over year to EGP 317.5 million (US$6.3M).
Due to improved production utilization rates and continuous restructuring efforts aimed at maximizing distribution efficiency, Edita Morocco’s revenues increased by 57.9% year over year to EGP 127.4 million (US$2.5M).
Notably, by introducing a new source of income, Edita Morocco is solidifying its standing as an export powerhouse in Africa.
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