Edita doubles its annual profits to over EGP1bn in 2022

The company’s sales increased to reach EGP 7.67bn in 2022, compared to sales of EGP 5.25bn in 2021.

Edita Morocco recorded revenues of EGP 176.2m during its first year of operation, which reflects the positive return of operating a new line for cake production in the company’s factory last October, which led to grabbing a market share in Morocco of about 10%.

Export sales increased by 73%, to record EGP 536.2m in 2022, while the value of exports in dollars amounted to $27m, with an annual growth rate of 37.4%.

Hani Barzi, the company’s Chairperson, said that achieving positive results was supported by absorbing the market moves very quickly while maintaining profitability levels.

He stressed that the management will continue to achieve positive results, during the current year, through the implementation of ambitious plans aimed at developing the company’s business in the Egyptian market and regional markets.