Food Security: The Wonderful Reports Of Food Importers And Retailers

In the shadow of the controversy over who cuts the coupon on our way to the checkout, three financial statements for 2021 are published today, from which handsome profits go to the shopping centers of Rani Zim, the Tiv Ta'am chain and to Diplomat, one of the largest food importers in Israel.

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24/03/2022

Thursday, 24 March 2022, 09:26 Updated: 10:36

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The food industry in Israel - from production, through imports to retail, has become a great source of profits.

Quite a few investors are trying to get in and integrate into it, whether through buying shares of public retail chains or through buying companies operating in the field.

A good example of this can be seen in three reports published today - two by retail entities: the shopping centers of Rani Zim (Psagot) and the Tiv Ta'am chain, in parallel with the publication of diplomatic reports from the most important importers and distributors in the food industry in Israel.

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Noam Weiman, CEO of Diplomat. Despite the Competition Authority's investigation, concludes an excellent year (Photo: Keren Ben Zion)

Diplomat reports

Revenues in 2021 amounted to NIS 2.74 billion, compared with NIS 2.70 billion in 2020. Revenue growth was mainly due to an increase in sales, Georgia, New Zealand in Israel and Cyprus, as well as a positive translation difference, partially offset by the decline in revenue in South Africa following the update of the work model With Procter & Gamble, which the company has previously reported on.

Excluding the effect of positive translation differences, revenue growth in 2021 was at a more moderate rate of about 1.0%.

The gross profit in 2021 is estimated at NIS 574 million, compared to NIS 538 million in 2020.

The company's operating profit in 2021 amounted to NIS 128 million, compared to NIS 121 million in 2020.

Bottom line, Diplomat ended 2021 with a 20% increase in net profit, which amounted to NIS 89.9 million, compared to NIS 74.5 million in 2020. The increase in profit was due, among other things, to an improvement in the gross profit margin, as well as a decrease in financing expenses. Net, mainly due to the decrease in the volume of financial debt and changes in NIS differences.

Tiv Ta'am, one of the flagship branches in Ramat Hachayal.

Closes an excellent year and proves that there is a place for a non-kosher chain in the food industry in Israel (Photo: Shlomi Yosef)

Taste taste reports

The Tiv Ta'am Group concludes 2021 with growth and improvement in all parameters: Revenues in 2021 amounted to NIS 1,594.6 million, compared with NIS 1,579.1 million in 2020. Revenue and average revenue per square meter in identical stores in 2021 increased by 4.2% and 3.9% The operating profit in 2021 increased by 8.7% compared to the corresponding

year

last year and amounted to NIS 112.6 million.

The profit in 2021 increased by 14.2% compared to the corresponding year last year and amounted to NIS 70 million.

The customer club Increased by 28% compared to last year and includes about 433,000 members.

Following the results, the company announced a quarterly dividend distribution of NIS 4.6 million to shareholders.

: "We conclude the year 2021 with an improvement in all parameters in accordance with the company's strategic plan

. Losses in the manufacturing sector have borne fruit and in neutralizing them we see impressive growth in the manufacturing sector and improvement in profitability, despite the decrease in turnover due to the closure of activities.

The fourth quarter of the year in relation to the corresponding quarter was affected by the timing of the Tishrei holidays, which in the corresponding quarter, most of which took place in the fourth quarter, while this year fell in the third quarter.

Also the fourth quarter, last year, was in the heart of the corona, which led to exceptional results in sales and profit, which exceed the average in 2020 as a whole.

Tiv Ta'am will continue to establish its status and growth, while developing growth engines in the core, retail and industrial areas, which include strengthening the customer club, strengthening online operations, massive opening of new branches in strategic locations and in the manufacturing sector. Meat ("Silver" brand) purchased by the group (awaiting approval from the competition authority).

Rani Zim, Chairman of Rani Zim Shopping Centers. The chain of shopping centers has a strong and extensive hold in the Arab sector (Photo: Meir Edri)

Reports Rani Zim Shopping Centers

Rani Zim Shopping Centers also concludes 2021 with record results - a sharp improvement in all parameters and a sharp increase in net profit.

The network's performance is particularly intriguing, given the nice grip it has on the Arab sector in Israel, so it expresses well processes that go through this sector.

Net profit in 2021 increased threefold to a peak of NIS 105.6 million.

From the beginning of 2022, the company inaugurated commercial centers in Ganei Tikva and Tira.

In the fourth quarter of 2021, net profit climbed 113% to NIS 44.5 million.

: "We conclude 2021 with strong results and show a net profit of about NIS 105 million, thus actually meeting the forecasts we presented, and even beyond. We continue to act according to our business vision, which will ensure accelerated growth for the company, and we are already in a tremendous momentum. The fronts From the beginning of 2022, we inaugurated commercial centers in Ganei Tikva and Tira, both with occupancy approaching 100% and together with Phase A of the KPS, which will open this year, we will reach 10 active centers, and we continue to work to expand and improve the activity.

We recently sold 50% of our rights in the project under construction in Kafas while flooding value and bringing in quality partners.

We are in the process of establishing shopping centers with a total volume of over 95,000 square meters as we progress according to our plans and even advance them.

At the same time, we began operating in the field of residential development in Arab society, and we are considering entering other fields, including the fields of logistics and server farms, which we see as complementary to our field of activity. "

: “In 2021, we significantly improved all of the company's operational parameters, and we are working according to a clear work plan to significantly expand our operations in the coming years as well.

In Arab society, we recently opened the commercial center in Tira, when later, at the beginning of 2023, we are also expected to open the new centers in Rahat and Taibeh.

And after that we will also open the center in Tamra and in 2024 the second phase of the center in Umm al-Fahm.

In the area of ​​neighborhood centers, we recently opened the center in Ganei Tikva, which is already becoming a magnet for residents of the entire area, and we entered into an agreement to purchase additional land near the center, in order to expand it.

A few months ago, we entered into an agreement to purchase 50.01% of the rights in a commercial center under the 'Ono Center' in an area of ​​approximately 18,000,000 square meters located in an area characterized by a significant development momentum. We will continue to improve our existing assets and expand our operations. Business opportunities to expand our operations and flood value for investors. "

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• Tiv Ta'am

• diplomat

• Rani Zim

• Peace holidays

• Retail

• Import

• food

• financial reports