Nova Consumer sets a market capitalization target of surpassing USD 1 billion in the next 3 years
This is information provided by Group Joint Stock Company Nova Consumer (Nova Consumer) announced in the 2022 Annual General Meeting of Shareholders held on the morning of May 31 in Ho Chi Minh City.
Nova Consumer will expand the number of pig farms to 5 times in size
Reporting at the meeting, Nova Consumer’s Board of Directors said that it will expand the number of pig farms to 5 times in the next three years to increase the size of the herd, develop Mega Farms with an area of 500 ha – 600 ha, with a storage capacity of 500 ha. tens of thousands of sows and hundreds of thousands of pigs per Mega Farm.
Nova Consumer will choose to develop the farm segment as a breakthrough…
Specifically, in the field of animal health, Nova Consumer has modern equipment, automatic production lines, meets WHO-GMP standards, through a network of more than 1,000 distribution locations from North to South and exports. More than 27 international markets.
With the field of animal feed, Anova Feed has 9 years of experience in the market, invested in modern and automated machinery systems.
In the field of beef, chicken and pig farms, most of the farms meet Viet GAP standards and there are many farms that meet Global GAP standards, among the few businesses that can meet these strict standards in the market. .
In the breeding area, Nova Consumer has been self-sufficient in the source of qualified parents and grandparents.
On such a solid foundation, the Company’s upcoming strategy will be to expand more livestock farms and at the same time invest in the consumer segment, towards the goal of completing the 3F chain to produce clean, traceable food. be origin.
Mr. Nguyen Hieu Liem, Chairman of the Board of Directors of Nova Consumer Group Joint Stock Company.
“In the next 3 years, we expect 3 animal feed factories to run at maximum capacity to supply Mega Farms. Nova Consumer will cooperate comprehensively with famous breeding companies from famous breeders from all over the world. USA, Canada, Denmark…, not only in the field of seed supply but also in breeding, technology transfer, training process, breeding, hatchery management…
From there, to create high-yield and high-quality breeders, suitable for breeding conditions in Vietnam; increase production and quality of seed to meet domestic market demand, develop sustainable agriculture, support output for farmers and reduce dependence on imported sources,” said Nguyen. Hieu Liem, Chairman of the Board of Directors of Nova Consumer Group Joint Stock Company, shared.
“Nova Consumer will cooperate comprehensively with famous breeding companies from the US, Canada, Denmark…, not only in the field of seed supply but also in hybridization, technology transfer, training process, breeding, hatchery management…” – Mr Nguyen Hieu LiemChairman of the Board of Directors of Nova Consumer, said.
According to the plan approved by the 2022 Annual General Meeting of Shareholders, the proportion of Nova Consumer’s revenue in 2022 is expected to be about 90%, still coming from agricultural products. However, in the business expansion strategy, by 2025, it is expected that Nova Consumer’s revenue structure will shift to 40% from the consumer goods industry and about 60% from the agricultural segment.
By 2025, it is expected that Nova Consumer’s revenue structure will shift to 40% from the consumer goods industry and about 60% from the agricultural segment.
This June, Nova Consumer entered the consumer goods industry
In the first quarter of this year, Nova Consumer successfully raised capital by issuing shares to the public for the first time with the aim of expanding the consumer segment through M&A activities.
With VND479 billion in revenue, Nova Consumer will acquire Sunrise Foods Co., Ltd., thereby indirectly owning Anco Family Food. This is also an enterprise with a nationwide distribution system with 80,000 traditional retail points, along with more than 4,000 selling points at supermarkets.
This M&A deal is expected to be completed in mid-June 2022, officially bringing Nova Consumer into the consumer goods industry.
This successful deal marks the completion of Nova Consumer into the 3F chain (Farm – farm, Feed – animal feed, Food – food) to produce clean food. This strategy helps the company to control the input factors, close the production chain and avoid external influences, control the origin and quality of inputs of livestock, and at the same time ensure the quality of inputs. out the highest.
PhinDeli coffee shop system of Nova FnB – a unit of Nova Service, is one of eight corporations of NovaGroup.
Due to the closed production model, Nova Consumer is able to maximize the company’s profit margin, and at the same time create momentum for traditional businesses to thrive.
In addition to accelerating the completion of the merger of Sunrise Foods, Nova Consumer is also working with many potential partners to expand the product and brand portfolio in this industry group. Specifically, Nova Consumer is negotiating with an active beverage business in the market and is expected to complete this deal in 2022.
After the merger, this deal not only helps to expand the company’s product range, but also helps Nova Consumer take another step into the world by exporting FMCG products besides traditional agricultural products.
From 2025, Nova Consumer will strongly develop O2O (Online to Offline) distribution platforms, helping to better connect distributors, stores and businesses, thereby creating direct links up to 250,000 point of sale and indirectly up to over 400,000 points of sale.
Although the market still has many difficulties and challenges, the Board of Directors has submitted to the General Meeting of Shareholders to approve the business plan for 2022 with positive growth targets. Specifically, revenue and profit after tax are expected to grow by 27% and 3.85%, respectively.
In 2021, Nova Consumer recorded net revenue and profit after tax of more than 3,500 billion dong and more than 317 billion dong, respectively. Total consolidated assets of the company reached more than 3,696 billion VND with equity of more than 2,273 billion VND.
As one of eight corporations of NovaGroup, Nova Consumer also benefits from many major business support activities from NovaGroup’s ecosystem.
According to the goal by 2025, Nova Consumer’s customers come from hundreds of thousands of residents living in more than 30 large urban areas that Novaland invests and develops; more than 500 stores of food chains operated by Nova FnB always prioritize high-quality Vietnamese agricultural products, serving about 20 million visitors per year; More than 2,000 convenience stores, supermarkets, fresh food stores spread across the country, serving 150 million visitors a year operated by Nova Commerce…
From now to the end of 2022, this enterprise will recruit more than 5,000 skilled workers to work in economic establishments and more than 20,000 indirect jobs in the supply chain, ensuring income and service regime. good benefit.
By 2025, Nova Consumer will employ nearly 10,000 skilled workers and more than 30,000 indirect jobs in the supply chain.
at Blogtuan.info – Source: danviet.vn – Read the original article here
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