
08 Dec 2022
Zambeef - Sowing the seeds of growth
Zambeef delivered excellent FY22 results, with revenue, EBITDA (Adj.) and reported PBT in line with our US forecasts. A strong performance from Cropping & Milling offset a decline in Retail and Cold Chain Food Products. The diversified portfolio and strength of Zambeef’s brands gives the business a welcome resilience. The new CEO, Ms. Faith Mukutu and CFO, Mr M’boo John Mumba are both internal promotions and they should be well-placed to deliver the strategy: exit low return assets and invest in ....

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Zambeef - Sowing the seeds of growth
Zambeef Products PLC (ZAM:LON) | 4.0 0 1.3% | Mkt Cap: 16.0m
- Published:
08 Dec 2022 -
Author:
Michael Clifton | Nigel Parson -
Pages:
10 -
Zambeef delivered excellent FY22 results, with revenue, EBITDA (Adj.) and reported PBT in line with our US forecasts. A strong performance from Cropping & Milling offset a decline in Retail and Cold Chain Food Products. The diversified portfolio and strength of Zambeef’s brands gives the business a welcome resilience. The new CEO, Ms. Faith Mukutu and CFO, Mr M’boo John Mumba are both internal promotions and they should be well-placed to deliver the strategy: exit low return assets and invest in ....