Greek F&B sector update | Q3 2023 M&A report
Articles
01 November 2023
- Greek F&B companies are inorganically expanding product portfolios to strengthen their core market position while also looking to access high value complementary markets.
- Dairy companies are having difficulties in reducing shelve prices despite the easing in raw material input costs
- Greek olive production is expected to decrease by more than 50% in 2023/24.
- Despite marginal increases in multiples for certain sectors in Q3 2023, all F&B sub-sectors multiples are well below their 12-month average.
- M&A activity has witnessed a minor decrease during the third quarter of 2023 recording 68 deals compared to 72 transactions in Q2 2023.