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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

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GlobalData : Bühler, Givaudan aim to address nutrition challenges with plant-based food innovation center in Singapore, says GlobalData

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02/14/2020 | 02:39am EST
14 Feb 2020
Bühler, Givaudan aim to address nutrition challenges with plant-based food innovation center in Singapore, says GlobalData
Posted in Consumer

Following yesterday's announcement that Switzerland-based food technology company Bühler and flavor and fragrance company Givaudan have partnered to setup a plant-based food innovation center in Singapore;

Nabila Azmatulla, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view:

'The innovation center, which is scheduled to open in Q4 2020, will have experts from the two companies working together to positively impact the climate and nutritional habits and explore more sustainable ways to produce food. The focus will be to utilize Bühler's equipment and processing expertise combined with Givaudan's flavor and ingredient expertise in order to provide an optimal offering.

'According to GlobalData, Singapore's meat substitute market currently stands at US$2.85m in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 5.1% between 2019 and 2024. The growth potential is comparable to Asia, which is projected to grow at a CAGR of 6.8% during the same period and reach an estimated US$1.38bn by 2024. 'The opportunity Asian market offers makes it imperative for meat substitute manufacturers to explore plant-based foods while experimenting with local palettes and taste expectations. With ever growing population, increasing income and craving for convenience-based lifestyles, sustainability is the need of the hour.'

Disclaimer

GlobalData plc published this content on 14 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2020 07:38:14 UTC

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Financials (GBP)
Sales 2020 186 M
EBIT 2020 48,8 M
Net income 2020 23,0 M
Debt 2020 35,1 M
Yield 2020 1,32%
P/E ratio 2020 71,7x
P/E ratio 2021 54,0x
EV / Sales2020 8,35x
EV / Sales2021 7,84x
Capitalization 1 522 M
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Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 1 200,00  GBp
Last Close Price 1 290,00  GBp
Spread / Highest target -6,98%
Spread / Average Target -6,98%
Spread / Lowest Target -6,98%
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Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Sally Kate Miranda Johnson Chief Financial Officer
Peter Martin Harkness Independent Non-Executive Director
Murray Legg Non-Executive Director
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