Articles
20 March 2025
Greek F&B companies continue investment in capacity expansion: Companies in the sector remain committed to their investment plans, prioritizing new production facilities and production lines to enhance capacity and support long-term growth.
Margin pressure amid shifting consumer preferences: Despite elevated production costs, branded F&B producers are demonstrating pricing discipline, refraining from passing cost increases to consumers. This strategy reflects heightened competition from private-label products, which continue to capture market share.
Valuation multiples below 12-month averages: In Q4 2024, valuation multiples across most F&B sub-sectors remained below their 12-month average, reflecting cautious investor sentiment and sector-wide margin headwinds.
Private-label gains weigh on branded processed foods: Branded processed food companies continue to trade at discounted valuation multiples relative to historical levels, as private-label penetration accelerates across European markets.
Softening M&A momentum: European M&A activity in the F&B sector declined in Q4 2024 versus Q3, as macroeconomic uncertainties and shifting consumer trends influenced deal-making dynamics.