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    VEZ   DE000A3E5ED2

VEGANZ GROUP AG

(VEZ)
  Report
Delayed Xetra  -  11:36 2022-09-26 am EDT
15.95 EUR   +1.92%
09/22Veganz Group Ag : Invitation to the conference call of Veganz Group AG
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09/19Veganz Group Ag : Economic slowdown prompts Veganz to adjust guidance 2022 and introduce a package of measures
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08/24Veganz Group Ag : Veganz is bringing climate friendly snacks to gamescom
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Veganz Launches Vegan Egg

01/27/2022 | 06:21am EDT

Veganz launched vegan egg. With a projected global market volume of EUR 1.43 billion in 2026, vegan egg alternatives are among the fastest growing category of plant-based food. 98% of non-vegan consumers are already open to this.

(1) With two new egg alternatives, Veganz is continuing its corporate strategy in a consistent way. Due to efficient in-house R&D and security of a patent for "the egg", the innovative brand is opening up another category at an early stage. At the same time, the company is strengthening its position as a only full-range vegan company.

In terms of taste, "the egg" is every bit as good as a boiled egg. At the same time, it has significantly lower cholesterol due to its herbal ingredients. The globally unique patent with the Clean-Label formulation enables Veganz to place a high-quality product within this booming category at an early stage.

"The egg"is now being further developed for food service and retail for large-scale production. Veganz plans to distribute "the egg" to retail customers and food service customers later this year. Also on the verge of market launch is a delicious scrambled egg replacement in a convenient bottle for easy dosing directly into the pan.

The perfect scrambled egg alternative is a dry product based on pea protein and will keep uncooled for up to one year after production. The consistency of the egg alternative can be modified depending on the preparation. The innovative product is aimed at both the food service sector and private households.


© S&P Capital IQ 2022
All news about VEGANZ GROUP AG
09/22Veganz Group Ag : Invitation to the conference call of Veganz Group AG
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08/24Veganz Group Ag : Veganz is bringing climate friendly snacks to gamescom
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Financials
Sales 2021 30,4 M 29,3 M 29,3 M
Net income 2021 -12,9 M -12,4 M -12,4 M
Net Debt 2021 5,15 M 4,97 M 4,97 M
P/E ratio 2021 -1,48x
Yield 2021 -
Capitalization 19,5 M 18,8 M 18,8 M
EV / Sales 2021 0,81x
EV / Sales 2022 0,59x
Nbr of Employees 60
Free-Float 82,0%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 15,65 €
Average target price 70,00 €
Spread / Average Target 347%
EPS Revisions
Managers and Directors
Jan Bredack Chairman-Management Board & CEO
Alexandra Vasquez Bea Chief Financial, Human Resources & IT Officer
Roland Sieker Chairman-Supervisory Board
Anja Brachmüller Head-Purchasing
Ronny Gottschlich Member-Supervisory Board
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