"2020 has been intense and we have had a fantastic development, but as I see it, this is where the journey begins. We have built a platform and now have the structural setup required to scale further. We will be looking at making more acquisitions but in a larger suit and in larger companies that we believe can add value to the group. We also see a continued roll-out of the core EUREBA technology and have already started integration in almost all the companies we have acquired, which we expect to see the effects of next year." - Simon Petrén, Deputy CEO Bayn Group AB
The interview in brief
- Structure and organization next year
- Review of 2020 and completed acquisitions
- Plan and objectives for 2021
Bayn Group is a foodtech company with a unique 1:1 sugar replacement process technology, which is sold and marketed under its own brand EUREBA. The company also has a leading multi-brand portfolio of foods with a healthier nutritional profile where sugar and calorie reduction is the main focus. Organic growth and carefully selected and executed acquisitions form Bayn's growth strategy and a key part of Bayn's business model is to actively identify and acquire complementary foodtech companies that contribute to the group's profitability and structural technology platform. In 2020, the Company has signed acquisition agreements with 6 businesses in different sectors and verticals in the foodtech healthy food value chain.
For further information, please contact:
Simon Petrén, IR and M&A Bayn Group AB (publ)
Tel: +46709999455
Email: simon.petren@bayngroup.com
About Bayn
Bayn Group is a Swedish foodtech group, supplying cutting edge and healthy sugar reduction solutions for the food and beverage industry. Bayn's ingredient solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar- and calorie reduced products. For more information www.bayngroup.com
Bayn is listed on Nasdaq Stockholm, First North Growth Market, under the ticker BAYN
FNCA Sweden AB is Bayn's certified adviser. Tel: 08-528 00 399 E-mail: info@fnca.se
Important information
This communication may contain certain forward-looking statements. Such statements are all statements that are not historical facts and include expressions such as "believes", "estimates", "expects", "anticipates", "assumes", "anticipates", "intends", "may", "continues", "should" or similar expressions. The forward-looking statements in this release are based on various estimates and assumptions, many of which are based on additional assumptions. Although Bayn believes that these assumptions were reasonable when made, such forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and are beyond Bayn's control. Such risks, uncertainties and material factors could cause actual results to differ materially from those expressed or implied in this communication by the forward-looking statements. The information, beliefs and forward-looking statements contained in this communication speak only as of the date of this communication and are subject to change without notice.
