BRIEF-Agthia Announces Five-Year Growth And Expansion Strategy

PUBLISHED: Mon, 12 Apr 2021 06:05:57 GMT
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April 12 (Reuters) – AGTHIA GROUP:

* AGTHIA GROUP REVEALED ITS LONG-TERM STRATEGY TO BECOME AN F&B LEADER IN MIDDLE EAST, NORTH AFRICA AND PAKISTAN (MENAP) REGION AND BEYOND BY 2025

* STRATEGY IS BUILT ON THREE STRATEGIC PILLARS, NAMELY GROWTH, EFFICIENCY AND CAPABILITY, AND IS DESIGNED TO EXTEND GROUP’S MARKET LEADERSHIP, PROVIDE SIGNIFICANT VALUE FOR ALL STAKEHOLDERS AND CONTINUE TO DRIVE PROFITABILITY GROWTH WITH CONSUMER-CENTRIC APPROACH

* AGTHIA STRATEGY OVER NEXT 5 YEARS WILL FOCUS ON IMPROVING EFFICIENCY OF EXISTING BUSINESSES, AND PURSUING NEW SCALABLE OPPORTUNITIES IN REGION

* WE WILL FOLLOW DISCIPLINED EXPANSION PLAN FOCUSED ON ACQUISITION, INTEGRATION AND SCALING OF NEW BUSINESSES

* AGTHIA WILL DELIVER ON GROWTH BY UPSCALING IN PRIORITY MARKETS, EXPANDING INTO VALUE-ADD CATEGORIES AND DRIVING MARGINS IMPROVEMENT BY 2025

* AGTHIA HAS EMBARKED UPON A INORGANIC GROWTH STRATEGY THAT IS FOCUSED ON ACQUISITION OF COMPANIES WITH STRONG CONSUMER BRANDS

* STRATEGY WILL GENERATE COST AND REVENUE SYNERGIES AS WE INTEGRATE THESE BUSINESSES

* GOING FORWARD, ORGANISATION IS TARGETING A SAVINGS OF AED 200 MILLION THROUGH SYNERGY EXTRACTION AS WELL AS SIMPLIFICATION OF ITS EXISTING AND ACQUIRED BUSINESSES

* NON-SCALABLE ASSETS WILL BE DIVESTED WHILE SUPPLIERS AND SPECIFICATIONS WILL BE STREAMLINED Source: (https://bit.ly/3d9Cg9t) Further company coverage:

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

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