Armada Food Aims to Grow with its Investment Plan.

Armada Food's Investment Plans and Goals

Armada Food (ARMGD) aims to complete its $44 million investment plan by the end of this year. The company's Chairman of the Board, Fethi Kalıpçı Sönmez, stated that 66% of the investment plans have been completed and expressed hopes of achieving their goals by the year's end.

Market Leadership with Organic Products

Sönmez emphasized that organic products have a 15% share in their total revenue and that they hold a leading position in the organic legumes market in Europe. This success is considered a result of Armada Food’s innovation and quality-focused approach.

Solar Energy Investments and EBITDA Expectations

Sönmez noted that their investment plans also include solar energy projects and that they expect these projects to contribute 1.5% to EBITDA. He added that they aim to reach a goal of 50 MW.

Export Growth Focused on Sub-Saharan Africa and Algeria

Sönmez stated that their export rate is 65%, with Sub-Saharan Africa and Algeria being the highlights, noting that they have managed to grow their exports with a dispersed structure. This strategy is seen as an important step to increase Armada Food’s effectiveness in international markets.

Conclusion

Armada Food continues to take significant steps in line with its growth targets. The company aims to increase its market share by completing its investments.