olam food ingredients (“ofi”) publishes further information for investors
ofi, a global leader in naturally good food & beverage ingredients has today published further information for investors prior to attending J.P. Morgan’s Best of British Seminar on 22 November 2021. ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (“Olam”) to unlock and maximize its long-term value. ofi intends to seek a primary listing on the premium segment of the London Stock Exchange, and a concurrent secondary listing in Singapore in H1 2022.
‘Introduction to ofi for investors’ highlights ofi’s attractive portfolio and strong growth prospects, driven by a proven and repeatable growth model which is expected to deliver low to mid-single digit annual volume growth and mid to high-single digit annual EBIT growth in the medium-term. The presentation also reiterates ofi’s strong trading momentum in H1 2021, with year-on-year EBIT growth of 29.5% and continued EBIT margin expansion.
‘Introduction to ofi for investors’ also presents the new brand identity for ofi. Brought to life in ofi’s recent ad and dedicated website, the brand underlines ofi’s thrust and focus as it shakes up the market with fresh thinking and solutions that help food and beverage companies meet the growing consumer demand for natural, healthy, and sustainably sourced cocoa, coffee, dairy, nuts, and spices products.